Google Creates New Company Called Alphabet, Restructures Stock
August 11th, 2015Via: Bloomberg:
Google Inc. is reorganizing into a holding company that gives its main Web operations greater independence while offering investors more visibility into ambitious plans to expand new businesses, including health and Internet access.
Alphabet Inc. will be name of the new conglomerate. Google Inc., along with YouTube, Android mobile software and other Web-based products, will be a key part of that. Alphabet will also include Calico, Google Ventures, Google Capital, Google X and other subsidiaries, the Web company said in a blog post Monday. The goal isn’t to make Alphabet a consumer brand, Chief Executive Officer Larry Page said.
