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Rogue 'Google buys ICOA' press release denied, retracted

11/26, 1:31pm

Press release possibly part of pump-and-dump stunt

An announcement that Google acquired ICOA Wireless for $400 million has been denied by both companies, shortly after trading volumes increased in both companies. A press release claimed to be published by ICOA has been circulated by PR Web before being retracted, and has forced the public Wi-Fi hotspot provider to openly deny the acquisition.

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