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Fourth echelon

Google restructures under new holding company Alphabet

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MOUNTAIN VIEW, Calif., Aug. 10 (UPI) -- Google Inc. announced a restructuring Monday in which the company's web-based products will be separated from its health research and investment divisions, all of which will fall under a new holding company called Alphabet.

The Google search engine, YouTube, Google Maps and Chrome will continue operating under the Google name, but non-Internet divisions will run independently, all under Alphabet.

"This newer Google is a bit slimmed down, with the companies that are pretty far afield of our main Internet products contained in Alphabet instead," Google co-founder Larry Page said. "What do we mean by far afield? Good examples are our health efforts: Life Sciences (that works on the glucose-sensing contact lens), and Calico (focused on longevity). Fundamentally, we believe this allows us more management scale, as we can run things independently that aren't very related."


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 Talon    716

21st Century Wire asks…

What’s Google up to now?

Hiding new operations behind another new corporate facade? More world domination beckons.

No surprise then, that company shares jumped more than 5 percent after the news, up to $665.99 per share…

The Switch

Google chief executive Larry Page on Monday announced that the tech giant is undergoing a major restructuring and will become a wholly-owned subsidiary of a new conglomerate known as Alphabet.

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