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Google Creates Alphabet, A New Umbrella Company For A “Slimmed-Down Google”

Sundar Pichai, now Google CEO, will focus on the core business while Google X and other far-flung efforts get split off

In what is surely one of the most startling corporate blog posts ever published, Google CEO Larry Page has announced that the company is creating a new holding company, Alphabet, Inc. It will replace Google as the publicly-traded overarching entity. Google, Inc. will be part of it, and will be run by Sundar Pichai, formerly Google’s product chief.

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