Google Creates Alphabet, A New Umbrella Company For A "Slimmed-Down Google"
Sundar Pichai, now Google CEO, will focus on the core business while Google X and other far-flung efforts get split off.
In what is surely one of the most startling corporate blog posts ever published, Google CEO Larry Page has announced that the company is creating a new holding company, Alphabet, Inc. It will replace Google as the publicly traded overarching entity. Google, Inc. will be part of it, and will be run by Sundar Pichai, formerly Google's product chief.
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