Topic: Why Google is restructuring, why the name Alphabet and how it affects you (Read 308 times)
August 11, 2015, 12:56:17 PM
Let me guess: G is for...
August 11, 2015, 12:54:33 PM
Why Google is restructuring, why the name Alphabet and how it affects you
http://www.theguardian.com/technology/2015/aug/11/google-alphabet-why-change-restructuring-what-it-means
<< If you haven't heard of Alphabet, don't worry: neither had most people in the world until 5pm EST (10pm BST) on Monday, when Google announced a restructuring. When it's all done, the search company will become a wholly owned subsidiary of Alphabet Inc, a new holding company headed up by Larry Page, Sergey Brin and Eric Schmidt, formerly the bosses of Google.
It may seem like a simple name change, but the reality is more complicated. Later this year, Google will create Alphabet as a wholly owned subsidiary of itself. Alphabet will then create its own wholly owned subsidiary, which will merge "with and into" Google, leaving Google – through the magic of corporate finance – a direct, wholly owned subsidiary of Alphabet. Confused? You're not alone. >>
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