The Alphabet enter: Responsible for Internet services company Google Inc. (Including search engine service built in Maps or YouTube), and include Research and development biotechnology company Calico, investment companies Google and Google Ventures Capital and Google research laboratory X. All the companies have to operate independently of each other.
“For a long time, we believe that companies sometimes are satisfied with doing the same things, introducing only minor changes” – gave Page a statement, adding that the founders of Google want to “take on new challenges”. He stressed that the restructured company will give more independence drop-down under its banner a variety of projects.
The head of the new holding will be Page himself, the other co-founder Sergey Brin Google will be its president. Sundar Pichai, since 2014. Responsible for its core products Internet company, Google is head of the new and previous financial director Ruth Porat giant Alphabet will be in the same position.
After completion of the reorganization of the stock market are to be automatically converted into shares of Alphabet. The decision to introduce changes in the structure of the Internet giant has been favorably welcomed by investors – Google share price at the end of Monday’s session, rose by 5 percent.
Restructuring will give investors better insight into what investment company devotes to its more recent initiatives such. samosterownego work on the development of the car, contact lenses for diabetics that measure glucose levels in tears, whether on a project to install high-speed fiber-optic network Internet in many US cities – rated the AP agency quoted an investment analyst Colin Gillis.
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