Google unveils surprise restructuring under Alphabet

Google has unveiled a surprise restructuring, creating a new parent company called Alphabet Inc, BBC reported.

Under the rebranding, Google will retain its best-known businesses, such as search, apps, YouTube and Android.

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.

"This new structure will allow us to keep tremendous focus on the extraordinary opportunities we have inside of Google," he said in the blogpost.