Google stock reaches new high

Shares of Google soared to 775.60 dollars, eclipsing stock's previous record of 774.38 dollars reached in early October.

Shares of Google soared to an all-time high on Friday, as the company appears to be nearing a settlement of an antitrust investigation in Europe.

Google has been the subject of a three-year European Union probe into its search business.

Despite emerging scot free from a similar multi-year investigation in the US last month, many analysts had expected the European probe to be harder for Google to wriggle out of, CNN reports.

According to the report, Google's stock has been on a tear during the past few months.

The company continues to activate a million Android devices a day, has successfully expanded into the broadband, cable and wireless arenas and remains the dominant search engine.

Despite more competition from Microsoft, and Facebook, neither has yet threatened Google's top spot, the report said.