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M&A Daily: Google Is Now Alphabet

2015-08-11 22:57:34| Industrial Machines - Topix.net

Google Inc. created a new holding company called Alphabet. The intention of the new operating structure is to increase the management scale and focus on consolidated businesses.

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VIDEO: What does Alphabet Inc do?

2015-08-11 17:56:10| BBC News | Business | UK Edition

Google has created a new parent company called Alphabet Inc. But what does it do? Here's an A to Z of its enterprises.

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Google creates new holding company Alphabet

2015-08-11 08:20:00| Telecompaper Headlines

(Telecompaper) Google announced plans to create a new holding company called Alphabet, with Google as just one of several subsidiaries of the group. Google co-founder Larry Page will be CEO of Alphabet and Sergey Brin will serve as President of the new company, while Sundar Pichai will become CEO of Google. In a blog post, Page said the new structure will make the company "cleaner and more accountable". Businesses that are "pretty far afield" of Google's main internet business will be included Alphabet itself, such as Life Sciences (products such as glucose-sensing contact lens) and Calico (focused on longevity). The X lab for new development work and theventure capital arm will also be included in Alphabet. The other businesses will each have a strong CEO with the independence and capital needed, with Brin and Page "in service to them as needed". As part of the new plan, Google will start reporting a breakdown of its financial results for each segment, with Google financials separate from the rest of the Alphabet businesses as a whole.

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