Company Google, whose business in recent years, went far beyond search content on the Web, will form part of a new holding company called Alphabet – announced on Monday CEO Larry Page. This is to facilitate the company to develop new projects.
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 a research lab Google X All companies have to operate independently from each other.
Target new challenges
– 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 under the banner of various projects.
At the forefront of the new holding will be the same Page, Google co-founder Sergey second Brin is its president. Sundar Pichai, since 2014. Responsible for its core products Internet company, will be head of the new Google and previous director of the financial giant, Ruth Porat will be in the alphabet for the same job.
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 – the share price of Google at the end of Monday’s session, rose by 5 percent.
The restructuring will give investors better insight into what investment company devotes to its more recent initiatives eg. work on the development samosterownego car contact lenses for diabetics that measure glucose levels in tears, whether on a project to install suberszybkich optic Internet networks in many US cities – rating agency quoted the AP an investment analyst Colin Gillis.
PAP, abo
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