You know how European clubs have super-expensive buyout clauses on footballers - like Manchester United has their 80 million pound buyout clause for the over-hyped CR. Well, in the light of my speculative post that Uncle M could look at buying BCCL, someone called up to say that even he won't be able to afford it. Rumours are rife on the markets that when the stock markets return back to their growth phase (if they do) that BCCL will list. A few months ago, I said that BCCL could look at a $12 billion valuation. But guess what, people are already talking of an absolutely insane valuation of $100 billion for BCCL. Yes, that is ONE HUNDRED BILLION USD. And I'm not smoking anything. No really, this number has been bandied about.
Just to give some sense of perspective, Google, the undisputed 800-pound gorilla of the internet is worth $150 billion. Uncle M's News Corporation is worth something like $37 billion. As much as I respect Samir Jain for changing the face of the media in India, waking it up from its slumber in the 1980's and modernising it (and just like I think that Times will still probably do the best and most balanced implementation of Private Treaties deals compared to the others copying them), this valuation does seem a bit crazy, and I can't buy into it. Not with poor integration, an extremely poor web presence. But... if this is being looked at from the light of 2010, a $50 billion plus valuation might just be possible. Uncle M better watch out!