Google is now owned by Alphabet

Google has announced that it is re-branding itself into a new holding company called Alphabet with Larry Page as CEO and Sergey as president. The company has announced major restructuring in the company. An official blog post reports that a smaller company called Google, will be headed by CEO Sundar Pichai and will include the company's core businesses. The businesses will be: "search, ads, maps, apps, YouTube and Android and the related technical infrastructure."

Google which has diversified into a number of companies, including autonomous cars, smart household devices, internet-delivering balloons and cutting edge medical research. The major restructuring will give investors greater insight into how the money is being spent. The move would allow investors to assess Google’s core business and allow Google to highlight its other assets.

The new company, Alphabet, will include a collection of companies, the largest of which will be Google. Larry Page has announced on the official Google blog, “As Sergey [Brin, co-founder] and I wrote in the original founders letter 11 years ago, ‘Google is not a conventional company. We do not intend to become one. So we are creating a new company, called Alphabet ( I am really excited to be running Alphabet as CEO with help from my capable partner, Sergey, as President".  He added that other businesses, "such as Calico, Nest, and Fiber, as well as its investing arms, such as Google Ventures and Google Capital, and incubator projects, such as Google X," which "will be managed separately from the Google business."


By: Silky Malhotra

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