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Old 08-11-2015, 11:34 AM
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PriyankaDhariwal PriyankaDhariwal is offline
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Default Google to become Alphabet Inc in shakeup

Google Inc (GOOGL.O) announced a new operating structure on Tuesday, creating a holding company called Alphabet to encompass the search engine unit and other subsidiaries. Alphabet Inc will replace Google as the publicly-traded entity and all shares of Google will automatically convert into the same number of shares of Alphabet, with all of the same rights. "This new structure will allow us to keep tremendous focus on the extraordinary opportunities we have inside of Google," Larry Page said in a blogpost.

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Old 08-11-2015, 06:39 PM
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Alphabet Inc will replace Google as the publicly traded entity and all shares of Google will automatically convert into the same number of shares of Alphabet, with all the same rights.
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