Alphabet Finishes Reorganization With New XXVI Company
- Google business to be legally separated from car, health units
- Holding company name plays on Page’s dream of Other Bets
The Google Inc. company logo sits on revolving doors at the company's new U.K. headquarters.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Alphabet Inc. is forming a new holding company designed to finalize 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 Inc., 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.