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Tuesday, 11 August 2015 - 13:08
Google to become a subsidiary of Alphabet under major restructuring plan
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According to Google’s co-founder and CEO Larry Page, Google is to restructure their operations making it cleaner and more accountable for the company.

The company is creating a new company, called ‘Alphabet’ which is mostly a collection of companies; the largest of which is Google.

Accordingly, 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 Alphabet, with all of the same rights.
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