Re:Alphabet Finishes Reorganization with New XXVI Company
by zrail on Friday September 01, 2017 @09:06PM
(#15153538)
It's not any less transparent. Afaict, Alphabet Inc is the listed holding company of Google LLC and XXVI Holdings. XXVI holds the Other Bets subsidiaries that used to be Google Inc subsidiaries. Google the entity no longer has any non-Google subsidiaries so they're simplifying and streamlining Google operations by changing it into an LLC.
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Re:Alphabet Finishes Reorganization with New XXVI Company
by goptimize on Friday September 01, 2017 @09:16PM
(#15153587)
LLC cannot issue stock, right? If you buy back all stocks then you don't need to provide detailed public reports except to major stockholders?
Re:Alphabet Finishes Reorganization with New XXVI Company
by zrail on Friday September 01, 2017 @09:33PM
(#15153671)
Alphabet is the only owner of Google Inc stock. They're retiring it all and converting the Google subsidiary to an LLC. That in no way removes their reporting requirements, because Alphabet is a publicly traded company.
Re:Alphabet Finishes Reorganization with New XXVI Company
by kgwgk on Saturday September 02, 2017 @05:06AM
(#15155037)
The reporting requirements will be reduced, though. Alphabet reports consolidated results and you don’t get the same level of detail for each subsidiary as you would for an independet company.