Technology
Monday August 10, 2015
Restructuring
The technology giant will become part of the holding “Alphabet”.
The Google search engine announced a major restructuring by the parent company will be renamed Alphabet and Google Inc. will be one of its subsidiaries , said Larry Page, co-founder, in the company blog.
In this way, the founders of Google seeking to expand the other branches of business, because the giant has long been not just a search engine. Therefore, online activities, with the seeker head will be separated from the rest of the branches.
Alphabet meet a number of companies from which the greater the search engine Google Inc. will also be the platform video YouTube , the investment companies Google Ventures and Google Capital , the research laboratory Google X, and enterprises as Life Sciences or company biotechnology Calico.
Page, current president of the board of Google, will be the head of Alphabet. The other founder of Google, Sergey Brin, is manager of the holding. Sundar Pichai assume the leadership of Google. The Google chief financial officer, Ruth Porat, maintained the same position but in Alphabet.
The announcement was well received on the Exchange. Shares of Google, which become the titles of Alphabet, rose after the close of the stock market in five percent
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