Google Reorganization
Google Inc. announced a corporate restructuring on Aug. 11 that would unshackle its less proven ventures from the its mainstay search business. The restructuring would split up the company’s many projects and place them under the umbrella of a single newly formed holding company called Alphabet. The holding company will be publicly traded, with Google shares converting to those of the holding company. The new structure could allow for easier spinoffs, quicker acquisitions and a more transparent business strategy for investors.
