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Google forms new parent, ‘Alphabet’ in restructuring

Larry Page Google CEO

Google unveiled a new corporate structure Monday, creating a parent company dubbed “Alphabet” headed by chief executive Larry Page with the Internet search unit as one of several entities.

In a surprise announcement, Page said Alphabet will be the umbrella company for the tech giant’s research arm X Lab, investment unit Google Ventures and health and science operations, as well as the search unit Google, whose CEO will be current vice president Sundar Pichai.

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