Topics

Eric Schmidt

Google, coming to grips with its giant size, forms a parent company: Alphabet

Google, coming to grips with its giant size, forms a parent company: Alphabet

SAN FRANCISCO — Google, coming to grips with its gargantuan size and the disparate nature of its many businesses, is forming a parent company called Alphabet in a move to streamline its corporate structure. The shakeup reflects the 17-year-old company's sprawling interests, which include Internet search, drones, investments, healthcare, wearables, online shopping, glucose-sensing contact lenses and self-driving cars. Under Alphabet, the company aims to better organize those businesses by operating as a collection of separate entities. The largest will be Google, which will contain core businesses including search, ads, maps, YouTube and Android. It will be managed separately...

Loading
73°