Google is now a wholly owned subsidiary of a new company called "Alphabet", to be run by Larry Page and Sergei Brin. Sundar Pichai will be CEO of Google, which will remain focused on its core of web-related products. Alphabet will serve as and umbrella for Google's now quite diverse projects, with a separate CEO for each. By way of example, the announcement cites a Life Sciences group, and a group called Calico which is focused on longevity.
All stock in Google will be converted to Alphabet stock, with the same rights and number of shares.
takyon: The Register, The New York Times, Wired, MarketWatch.
(Score: 1) by m2o2r2g2 on Wednesday August 12 2015, @01:21AM
FYI: Alphabet will continue to use the GOOG and GOOGL ticker symbols. - (from another article I read yesterday on the topic can't be bothered finding it again).