Google surpassed Time Warner to become the world's most valuable media company
Source: Internet
Author: User
Reuters reported that Google, the US internet search engine, surpassed Time Warner this week and took the lead of the most valuable media company, which was only 10 months away from its public listing.
Google's shares closed at $ 0.75% or $2.18 on Tuesday at the Nasdaq market, hitting a record high. Stock market analysts have said that the stock may rise to up to 325 or 350 USD.
Google currently has a market value of more than $80 billion, surpassing any media company in the world, including Time Warner.
Since the network bubble burst, Time Warner's share price has gradually declined, with its market value of $78.1 billion on Tuesday. Recently, investors have considered Google a popular Internet and media company.
Even Yahoo, which is regarded as a competitor of Internet media, has a market value of about $27 billion lower than Google.
Google has been listed in last August for only 10 months. At that time, the initial public offering (IPO) offered a share price of $85. Some people have worried that their share prices may be overestimated, as a result of the network bubble era.
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