The US Internet giant Google announced Monday, August 10 extensive overhaul of its structure, which will see him lighten remote operations of its core business and become a 100% subsidiary of a new company called “Alphabet “.
” Our company works well today, but we think we can make it clearer and more accountable. So we create a new company called Alphabet, “said Larry Page, co-founder and currently CEO of Google, in a message posted on the band’s website.
Alphabet replace Google on Wall Street, and will be led by co-founders of the internet Larry Page and Sergey Brin group with the respective functions of “Director General” and “president”, while Eric Schmidt will be Executive Chairman of the Board of Directors
Alphabet:. the new holding Google
Alphabet serve as holding the “new Google”, including Larry Page will leave the general direction to Sundar Pichai. Aged 43, the latter is currently vice president in charge of products of the group.
The new Google lightened retain the research, advertising, mapping, applications, video subsidiary Online YouTube and the Android mobile operating system.
All the peripheral activities, the group had been built in recent years but the cost aroused fears among some investors, for their part, depend directly on the new holding.
This includes in particular Calico (healthy) companies, Nest (connected alarms) Fiber (deployment of a high-speed fiber optic network in test cities in the US), the Google Ventures investment vehicles Capital and Google and the X-Lab serves as incubators to a series of new projects (drones, drive car, Loon project relay internet balloons, Google Glass …) .
The date of the change is not specified, the group simply stating in a stock paper that Google shares will be automatically converted into shares Alphabet by the end of the year.
In electronic trading after the close of Wall Street, the way Google gained more than 5% to 8:40 p.m. GMT.
(with AFP)
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