Google Creates A New Company Called Alphabet, Restructures Stock
Google Inc. is changing its corporate structure to separate its Web companies from its research investment division.
“The shares rose as much as 5.8 percent in extended trading after the company said Alphabet Inc. will be the name of the new company.” “Google is adopting this structure in order to make clearer differences between its main businesses and longer-term endeavors…” The new company will be introduced in phases over the coming months.
