Google creates a new parent company 'Alphabet'

The most famous search engine Google announced that it plans to create a new public holding company: Alphabet Inc which is meant to reflect its new operating structure. The Google name will not die. Divisions under the “Google business” will included search, ads, maps, apps, YouTube and Android — essentially the current-Google’s best known businesses. Newer business lines such as aging research division Calico, smart home acquisition Nest, internet provider Fiber and investing arms Google Ventures and Google Capital will be managed under Alphabet.