The reorganization of Google to Alphabet has been done on October 2. Along with the restructuring was the transfer of stocks over the holding company. Though, the holding company expected to report its financial statement in January 2016. The major change of the internet company to be a subsidiary aimed to strengthen its other businesses like health care and transportation, and to discover other online-advertising trades.
Google's Class A Common Stock and C Capital Stock are the main stocks that were transferred to Alphabet, The Wall Street Journal noted. Nevertheless, the symbols GOOG and GOOGL stayed the same shareholder rights, the company said to the journal. As to speak with the businesses that were transferred to Alphabet, these include Search, Android, YouTube, Google Life Sciences and Calico, Sidewalk Labs, Nest Labs, Google Ventures, Google Capital and research lab Google X.
On the other hand, The Economic Times said that there are innovations that Google would like to put in more effort. According to the report, the subsidiary company is planning to invest on robotics and medical research. The report noted what Larry Page said when he announced the major change, ".... we think we can make it cleaner and more accountable. So we are creating a new company, called Alphabet."
Tech 2 noted that the holding company implemented a new code of conduct to all of it employees. Meanwhile, Larry Page is the CEO of Alphabet after the long-time executive Sundar Pichai was forfeited. Related report added that the corporate reorganization was internally discussed by Google and Alphabet since 2011. It is known that the final decision was announced in August 2015 until this October.
From now on, Google is a subsidiary company of the holding firm, Alphabet. All potential stockholders will be directed to the mother company for deals. More so, Google hopes that it can discover, focus, and invest on other businesses.
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