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Page and Google co-founder and Alphabet president Sergey Brin announced the change in a joint blog post, "With Alphabet now well-established, and Google and the Other Bets operating effectively as independent companies, it's the natural time to simplify our management structure.
As a part of this deal, Google acquired a 15.7% stake in Arris Group valued at $300 million. [346] [347] On January 29, 2014, Google announced that it would divest Motorola Mobility to Lenovo for $2.91 billion, a fraction of the original $12.5 billion price paid by Google to acquire the company. Google retained all but 2000 of Motorola's ...
On August 10, 2015, Google announced plans to create a new public holding company, Alphabet Inc. Google co-founder and CEO Larry Page made this announcement in a blog post on Google's official blog. [10] Alphabet was created to restructure Google by moving subsidiaries from Google to Alphabet, thus narrowing Google's scope.
Wayne Osborne (left) has overseen Larry Page's life and finances since 2012, as head of the Google founder's family fund. Dre Waltizer; Jeff Chiu/AP Photo; Google; Getty Images; Alyssa Powell/BI
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Even from Google’s inception, cofounders Larry Page and Sergey Brin considered the company’s potential for astronomical growth. Named after “googol,” the term for the numeral 1 with 100 ...
Scott Hassan and Alan Steremberg were cited by Page and Brin as being critical to the development of Google. Rajeev Motwani and Terry Winograd later co-authored with Page and Brin the first paper about the project, describing PageRank and the initial prototype of the Google search engine, published in 1998. Héctor García-Molina and Jeff Ullman were also cited as contributors to the project ...
Microsoft acquired a 1.6% percent stake in Facebook for $240 million, followed by Digital Sky Technologies, which gained a 1.96% share worth $200 million. ... Larry Page co-founded Google in 1998 ...