Google has launched a surprise restructuring, making a new parent company, Alphabet Inc.
According to the BBC, Google will retain its businesses like search, apps, YouTube and Android under the rebranding.
Some of the newer entities, such as the investment and research divisions, the "smart-home" unit Nest, and the drone arm will be run under Alphabet.
Google founder Larry Page said it would create a simpler structure for what had become a diverse group of businesses.
