Google Inc Becomes An Alphabet Holding Subsidiary

Google Inc joins hands with Alphabet Holdings as a subsidiary; its shares will be transferred to the new company.

Google Inc. has officially confirmed that it is now a subsidiary of Alphabet Holding Company as per the trading session on Friday. The search engine giant has an active investor relations page through which the news was informed. Alphabet is said to start trading from October 5, FY15. The company will be responsible to disclose the financial results of firms under its umbrella. Google stocks will be trading under their old tickers GOOG and GOOGL on NASDAQ stock exchange. The stakeholders of the company are said to have the rights they had initially however the Class C stocks will now be traded as Class A stocks for Alphabet. The good news for the search engine tycoon is that a surge in the stock price of 2.5% was observed on Friday. Alphabet is keen about catering to GOOG along with the segments that fall under the company like Android, YouTube, and its Search Engine. Moreover, the firm also runs an advertising business, which will also become Alphabets subsidiary now. Mr. Larry Page is said to take up the position of Alphabet’s CEO, whereas Sergey Brin will take charge as president. This initiative will allow the search engine’s cofounders to work on new projects. The company’s vision at this point of time is to grow progressively and grow by getting more tasks and projects completed. Alphabet at this point of time is looking to establish a more transparent canvas. The firm is going to cater to established firms and entrepreneurs. The idea behind establishing Alphabet is that a collection of letters forms a bigger canvas giving birth to a new ideas and concepts. The company is extremely optimistic at this point of time that it will succeed in making its mark. The good thing about Alphabet at this point of time is that it is associated with Google who is already dominating the market. By having such a big name on its portfolio has already gave the enough traction. With financial years ending, the need of such a firm increase significantly. The men who are now behind this venture are business tycoons who know this business inside out creating fewer chances for failure or instability. At this point of time, the company needs to make sure that it caters to the demands of the evolving financial sector. If it succeeds in doing so, then the future will not be an issue for them since Google never does anything less than perfection.