Ha! I love how Larry starts out talking about how utterly innovative and out-of-the-box Google has always been, and then goes on to state the following completely banal corporate business BS:
Alphabet Inc. will replace Google Inc. as the publicly-traded entity and all shares of Google will automatically convert into the same number of shares of Alphabet, with all of the same rights. Google will become a wholly-owned subsidiary of Alphabet. Our two classes of shares will continue to trade on Nasdaq as GOOGL and GOOG.
Yawn.
