Wall Street has determined that Google is the most valuable media company on the planet, valued at more than USD 80 B.
Google’s share price on the Nasdaq rose another USD US2.18, or 0.75%, to close at USD 293.12 on Tuesday, an all-time high.
Stockmarket analysts have suggested the stock could go as high as USD 325 or USD 350.
Google surpassed the media giant Time Warner in just ten months of trading as a public company. It debuted in an initial public
offering last August, priced at USD 85 a share.
It has led to some concerns that the company may be overvalued, a throwback to the hype of the dot-com era.