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Finweek English Edition - - IN BRIEF -

The age of Sun­dar Pichai, who will lead the Google sub­sidiary, while Google founders Larry Page and Sergey Brin will run the newly es­tab­lished um­brella com­pany called Al­pha­bet, with the web­site ad­dress abc.xyz. The restruc­tur­ing aims to al­low the group’s var­i­ous busi­ness di­vi­sions more de­ci­sion-mak­ing au­thor­ity. Google’s share price jumped more than 6% to above $700 ­ (R8 900) a share af­ter the an­nounce­ment was made on 10 Au­gust.

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