"Google" became "ALFABET" reorganized into a new company

"Google" changed its corporate structure to separate search engine, YouTube and other Web companies from its research and development departments, news agency "Bloomberg". The company announced that "ALFABET" (Alphabet) will be the name of the new holding company. It will include former Google and Google Ventures, Google Capital, Google X, and other subsidiaries. Message immediately increase its shares by 5.8% on the stock exchange.

Larry Page became CEO "ALFABET" and company co-founder Sergey Brin will be its chairman. Head of Finance will be Ruth Porat.The new structure of "Google" will be introduced gradually in the coming months. "ALFABET" will announce the results in the name of profit figures for the last quarter of the year are disclosed in January. With this move, investors will receive more details about how the business of the company, which is a longstanding requirement of Wall Street ..