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Google is now owned by a company called Alphabet

The tech giant is making some changes.

GOOGLE HAS JUST announced a major overhaul of its corporate structure.

As part of the change, the company that used to be called Google is going to become a new holding company called Alphabet.

Shareholders will get one Alphabet share for every Google share they previously owned.

The executives in charge of Alphabet will be the same execs in charge of Google today — CEO Larry Page, President Sergey Brin, Executive Chairman Eric Schmidt, CFO Ruth Porat, and chief counsel David Drummond.

Alphabet includes the following entities:

  • A smaller company called Google, headed by CEO Sundar Pichai, that includes the company’s core businesses.: search, ads, maps, apps, YouTube, Android and the related technical infrastructure.
  • Other businesses such as Calico, Nest, and Fiber, as well as its investing arms, such as Google Ventures and Google Capital, and incubator projects, such as Google X, which “will be managed separately from the Google business.”

Here’s how the transition will happen:

Later this year, Google intends to implement a holding company reorganisation (the ‘Alphabet Merger’), which will result in Alphabet owning all of the capital stock of Google.

Alphabet will initially be a direct, wholly-owned subsidiary of Google. Pursuant to the Alphabet Merger, a newly formed entity (‘Merger Sub’), a direct, wholly-owned subsidiary of Alphabet and an indirect, wholly-owned subsidiary of Google, will merge with and into Google, with Google surviving as a direct, wholly-owned subsidiary of Alphabet.

Are you still with us?

Each share of each class of Google stock issued and outstanding immediately prior to the Alphabet Merger will automatically convert into an equivalent corresponding share of Alphabet stock, having the same designations, rights, powers and preferences and the qualifications, limitations and restrictions as the corresponding share of Google stock being converted.

More information is available here.

- Matt Rosoff 

Read: These remote Irish spots are about to make it to Google Street View

Read: Google can now tell you how to beat the queues in your favourite cafés

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    Mute John J Kelly
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    Dec 29th 2015, 7:31 PM

    its hard to believe anyone would be that stupid as to call yourself the ‘silent bomber’ and then become not so silent and tweet looking for advise on potential targets! what idiots.

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    Mute Shane Hartnett
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    Dec 29th 2015, 7:42 PM

    keen interest in isis………..we have one of their top recruiters here in the country and the tax payer is paying blood sucker free legal aid brigade to stop him from being deported … FFS

    258
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    Mute Paddy o'brian
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    Dec 29th 2015, 9:19 PM

    The wee lepper con in Phoenix park is very concerned about the rights of this Isis fan

    87
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    Mute Beano
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    Dec 29th 2015, 7:30 PM

    Lived with his mam and dad who are now saying they had no knowledge of what he was doing which I find hard to believe

    242
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    Mute Ronan O'Sullivan
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    Dec 29th 2015, 7:55 PM

    You lived with his mam and dad?

    180
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    Mute Buster VL
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    Dec 29th 2015, 7:58 PM

    No doubt whatever that a lot of silent sympathisers knew what was goings-on. Moderate muslims should speak out.

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    Mute Patrick J O'CONNOR
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    Dec 29th 2015, 8:32 PM

    @Beano …….They all say that. Instructions from Muslim Brotherhood and CAIR to all relative and acquaintances and local Imams of terror suspects apprehended. Deny everything. Nothing to do with Islam,etc.

    100
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    Mute Craft Beard Lad
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    Dec 29th 2015, 7:29 PM

    Not being funny but bring in capital punishment for these dopes, no place in any society for them

    156
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    Mute John J Kelly
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    Dec 29th 2015, 7:40 PM

    @Craft Beard Lad oh it will make a return soon enough, capital punishment. you will see the french taking the wd40 to those old guillotines in the not so distant future, 5 to 7 years i will bet, the spanish used to like a little garroting, fascinating machine in a ghoulish way. Its not so long ago that these machines were used..

    55
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    Mute Paddy o'brian
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    Dec 29th 2015, 9:14 PM

    There’d have to be a massive hole in the lifes of a man and woman husband/wife when for intertainment they’d set out make bombs to kill people using public transport. if their religion drove them to carry out such pervisions then there is somthing very rotten with such a religion

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    Mute captain ireland
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    Dec 30th 2015, 8:35 AM

    True John but I bet it will be used on Christians by an Islam French government

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    Mute Random_paddy
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    Dec 29th 2015, 7:48 PM

    This shows that authorities have to follow up on every nutjob tweet

    149
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    Mute James Barry
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    Dec 29th 2015, 7:49 PM

    In France, Britain, Germany, America and nearly every other country in the world it remains government policy to say that any and all attacks carried out in the name of Mohammed have ‘nothing to do with Islam’.

    84
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    Mute cholly appleseed
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    Dec 29th 2015, 7:58 PM

    America? I would of thought the opposite. And rightfully so btw, islam is totally to blame

    59
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    Mute Codology
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    Dec 29th 2015, 7:33 PM

    More religious loons trying to kill people.

    81
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    Mute Mossy Phelan
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    Dec 29th 2015, 7:38 PM

    Absolute dirt on the end of your shoe! Religion has a lot to answer for in this world. Unfortunately there’s no one to answer to…

    71
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    Mute D
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    Dec 29th 2015, 10:22 PM

    For those interested; one month in Sweden where the leftists in charge have adopted open borders and embraced immigration from across the Middle East. The result? Rapes, crime and the odd beheading.

    Let Sweden be a lesson to the rest of Europe.

    http://www.gatestoneinstitute.org/7133/sweden-rapes-acquittals-severed-heads#.VoKwdXAT6Ak.twitter

    56
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    Mute ted hagan
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    Dec 29th 2015, 11:26 PM

    Why is the Journal so disproportionately full of rightwing nutjobs?

    9
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    Mute Edward
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    Dec 30th 2015, 12:15 AM

    ted unfortunately for all of us its the likes of you that will be the end of our civilisation.

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    Mute colm buckley
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    Dec 30th 2015, 4:38 AM

    WOW…at a loss for words D,this is all Fact?!its disgusting can’t get my head around it rape etc brutal brutal

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    Mute Robert Preston
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    Dec 29th 2015, 8:00 PM

    Nothing more than life in Jail with no chance of ever getting back into society . However with this country the uk they will be out in 20 to 25 years . However they should bring back some form of capital punishment for this type of treachous crime . Traitors to the uk and the western world freedoms .

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    Mute D
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    Dec 29th 2015, 9:37 PM

    RobertP; unfortunately even in jail the toxic effect of radical Islam goes on and on. This made the times front page two days ago; sad because it’s been known about for years, obviously nothing has changed.

    We need to wake up and fast

    http://www.thetimes.co.uk/tto/news/uk/crime/article4650726.ece

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    Mute James Barry
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    Dec 29th 2015, 8:19 PM

    The future must not belong to those who slander the prophet of Islam.
    Who said that?

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    Mute D
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    Dec 29th 2015, 9:33 PM

    @JamesBarry- the same guy who said the ‘Sweetest sound is the Muslim call to prayer…..’

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    Mute Patrick J O'CONNOR
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    Dec 29th 2015, 11:38 PM

    @James Barry……. The Mole in The White House said it.

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    Mute Nigel Davis
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    Dec 30th 2015, 3:05 AM

    Refugees turn on their host
    Kailene Pillay, The Witness | The Witness
    THE good Samaritans who took onto their farm over 100 refugees displaced by this year’s xenophobic violence, now claim they have been threatened with murder by the same people they had set out to help.
    http://m.news24.com/news24/SouthAfrica/News/refugees-turn-on-their-host-20151217
    Food for thought!

    17
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    Mute captain ireland
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    Dec 30th 2015, 8:38 AM

    As Chris Kyle said ” they are savages “. He was spot on , we need more Chris Kyle’s

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    Mute captain ireland
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    Dec 30th 2015, 8:34 AM

    Dirty rotten animals

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    Mute Tommy
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    Dec 30th 2015, 10:28 AM

    Buys bomb making material from eBay and gets it delivered to their home

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