Netflix Shares Exceed $600 For First Time on China Speculation

A report saying Netflix is seeking a partner to make it easier to break into China sent shares of the streaming-media giant surging 4.5 percent Friday, enough to close above $600 per share for the first time.
Netflix shares hit an all-time high of $618.44 on Friday before closing at $613.16, giving the company a whopping $37.2 billion market capitalization, making it a more valuable entity than either CBS or Viacom and about $1 billion shy of Sony.
It was less than a month ago that Netflix celebrated its stock exceeding $500 for the first time.