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Google Forms Parent Company Alphabet; Sundar Pichai To Head Internet Business

Google has announced that it is reorganizing under a new name – Alphabet – in order to separate its money making businesses from the moonshot ones. Lary Page will be the CEO of Alphabet while Sergey Brin will be its president. Sundar Pichai has been named CEO of Google. Nest, Calico, X Labs, etc will now be portfolio companies of Alphabet.