Alphabet is forming a new holding company designed to finalise its evolution from Google, the web search giant, into a corporate parent with distinct arms that protects individual businesses in far-flung fields like health care and self-driving cars. The new entity, called XXVI Holdings, will own the equity of each Alphabet company, including Google. The new structure legally separates Google from other units such as Waymo, its self-driving car business, and Verily, a medical device and health data firm. Google Co-founder Larry Page announced Alphabet two years ago to foster ...
With XXVI, Alphabet forming a new holding company
Google business to be legally separated from car, health units
Mark Bergen | Bloomberg Last Updated at September 3, 2017 01:22 IST