The company Google, whose business in recent years, went far beyond the search for content on the network, will form part of a new holding company called Alphabet – announced CEO Larry Page. This is to facilitate the company to develop new projects.
The Alphabetu enters 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.
– For a long time, we believe that companies sometimes are satisfied with doing the same things, introducing only minor changes – handed Page in the message, 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, Google is head of the new and previous financial director Ruth Porat giant 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 company’s share price at the end of Monday’s session, rose by 5 percent. Google’s current market price exceeds 440 billion dollars.
The 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 fiber optic suberszybkich Internet networks in many US cities – rating agency quoted the AP an investment analyst Colin Gillis.
PAP
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