Google to become Alphabet Inc in shakeup

August 10, 2015 9:23 PM

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Google to become Alphabet Inc in shakeup

SAN FRANCISCO Google Inc (GOOGL.O) announced a new operating structure Monday, creating a holding company called Alphabet to encompass the search engine unit and other subsidiaries.

Alphabet Inc will replace Google as the publicly-traded entity and all shares of Google will automatically convert into the same number of shares of Alphabet, with all of the same rights.

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