Google Announces "Alphabet," Its New Parent Company

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Larry Page has a new job. The former Google CEO announced in a blog post Monday that he is now CEO of Alphabet, a new "collection of companies" that includes Google, Life Sciences and Calico. Sergey Brin, Page's co-founder of Google, will become president of Alphabet and Eric Schmidt will be its executive chairman. Even as it's folded into Alphabet, Google will retain its Search, Maps, Android, YouTube and ad businesses.

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