The new Alphabet conglomerate will oversee Google Ventures and Google Capital, while Google itself will operate as a more slimmed down subsidiary.

Diversified internet company Google is set to bring its strategic investment arms under a new holding company called Alphabet as part of a vast corporate reorganisation, it revealed yesterday.

The reorganisation will involve all of Google’s current activities being incorporated into Alphabet, which will take over Google’s public listing and be run by co-founders Sergey Brin and Larry Page.

Many of Google’s current divisions, including its drone subsidiary Wing, its Life Sciences division, its Calico longevity unit, cable and TV…

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