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Sunday, October 04, 2015

It's Official! Google Becomes Alphabet in New Merger


Google has officially merged with Alphabet on Friday, October 2, 2015 as announced in August 2015. The company will become a business unit running under the Alphabet umbrella and will focus on core Internet-related businesses, including search, YouTube and Android.

The company will still trade under the same stickers "GOOG" and "GOOGL" on Monday. Alphabet is set to replace Google as the publicly traded entity and each share of Google will be automatically converted to Alphabet stock.

Google won't be the only subsidiary under the Alphabet umbrella.

Google X, the company's secretive research arm that came up with the autonomous car, will become its own business, as will Capital and Ventures, which will concentrate on funding startups.

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