Google restructures business into ‘Alphabet’ conglomerate

Posted on 12 Aug 2015 by Michael Cruickshank

Search engine and technology services company Google announced yesterday an unprecedented restructuring of its business.

The company has announced that Google will no longer exist as an independent business, but rather become a wholly-owned subsidiary of a new conglomerate which it is calling ‘Alphabet Inc.’. Alphabet Inc. will replace Google Inc. as the publicly-traded entity and all shares of Google will automatically convert into the same number of shares of…

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