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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.
Google itself was re-organized into a subsidiary of a larger holding company known as Alphabet Inc. in 2015. Timeline of Google products, services, and acquisitions As of December 2016 [update] , Alphabet has acquired over 200 companies, with its largest acquisition being the purchase of Motorola Mobility , a mobile device manufacturing company ...
In 2015, Google was reorganized as a wholly owned subsidiary of Alphabet Inc. Google is Alphabet's largest subsidiary and is a holding company for Alphabet's internet properties and interests. Sundar Pichai was appointed CEO of Google on October 24, 2015, replacing Larry Page, who became the CEO of Alphabet. On December 3, 2019, Pichai also ...
Google shares were up 5.4 percent at $698.74 Tuesday in early trading as investors anticipated -- as MKM Partners analyst Rob Sanderson put it -- "a new era of shareholder friendliness."
Alphabet said Thursday that it’s issuing a 20-cent per share dividend, ... Google’s parent company had $108 billion in cash and marketable securities on hand as of March 31, 2024.
Shares of Alphabet have climbed by 22% this year, supported by that positive growth outlook. Internet peer Meta Platforms is also putting up some impressive numbers, but as an investment idea ...
On August 10, 2015, Page announced on Google's official blog that Google had restructured into a number of subsidiaries of a new holding company known as Alphabet Inc with Page becoming CEO of Alphabet Inc and Sundar Pichai assuming the position of CEO of Google Inc. In his announcement, Page described the planned holding company as follows: [86]
Alphabet stock is currently selling for just 23 times earnings, a significant discount to a multiple of 30 for the S&P 500. It's also a discount to Alphabet's average price-to-earnings ratio of 30 ...