Alphabet will be a collection of companies, of which Google is the largest, and will replace Google as a listed company. The new structure will allow the individual companies to be managed more independently of each other. Page made the announcement in a Blog post. All Google shares would be converted into the same number of Alphabet shares with the same rights. He will lead Alphabet as CEO, Page announced. Google itself will continue to exist - under the leadership of the previous head of product Sundar Pichai, who will be promoted to CEO. (SDA/hae)
Selected letters from the Google alphabet
Here are some important letters from the Google ABC, which stand for divisions that will be managed as independent companies in the future:
C for Calico: The health company's main aim is to research ageing - and possibly learn how to slow it down.
F for Fiber: In the USA, the Group offers ultra-fast Internet access via fiber optic connections in around half a dozen cities under this name.
G for Google: As an Alphabet subsidiary, the Internet search engine, the advertising business, YouTube and Android will continue to be bundled under the Group's traditional name.
N for Nest: Google bought the provider of networked thermostats and smoke detectors at the beginning of 2014 for more than three billion dollars. Nest co-founder Tony Fadell, who once co-developed iPod players at Apple, is now also responsible for Google Glass, the data glasses that flopped at the first attempt.
V for Google Ventures: The start-up financier of the Internet group, which has invested in the controversial ride-hailing service Uber, among others.
X for Google X: The innovation lab where, among other things, self-driving cars, drones and balloons were developed to provide internet coverage to remote areas from the air. (SDA)