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Alphabet completes restructuring with new firm

The latest entity, called XXVI Holdings Inc, will own the equity of each Alphabet company, including Google

Google's parent company Alphabet's new structure allows its new businesses, technically called "Other Bets", to become its subsidiaries on the same legal footing as Google.

San Francisco

ALPHABET Inc 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 such as healthcare and self-driving cars.

The new...

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