Waymo & Other Bets to legally become Alphabet subsidiaries w/ creation of new ‘XXVI’ holding company
Nearly two years after the reorganization was announced, Waymo, Verily, and the “Other Bets” are now legally Alphabet subsidiaries. Before this, the companies were all technically considered subsidiaries of Google. However, thanks to a new XXVI holding company the structure revealed in 2015 will soon be in effect.