Google now worth over $80 billion
Wednesday, June 8, 2005
Internet search engine, Google, saw its valuation top the $80bn mark this week, making it the world's most valuable media company - ahead of Time Warner, Walt Disney and Viacom. Since its flotation on the NASDAQ in August 2004, it has seen its share price increase dramatically from $85 to over $280 today.
Despite being more valuable than Time Warner, which is worth $78bn, Google's annual sales amount to less than a 13th of the far more diversified and traditional media giant. Google's revenues are $3.2bn a year versus the $42bn a year that Time Warner generates. The gap in valuations is partly justified by investors based upon Google's much higher growth rate.
- Google; $80bn
- Time Warner; $78bn
- Disney; $55bn
- Viacom; $54bn
- Yahoo; $51bn
- News Corporation; $49bn
- "$80bn Google takes top media spot" — , June 8, 2005
- "Google becomes Wall Street's top media dog" — , June 7, 2005
- "Google tops Time Warner as Street's top media stock" — , June 7, 2005
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