Reading the SEC document too closely will give you a headache, but here`s how it worked, as we currently understand it:
1,Google created Maple Technologies as a wholly owned subsidiary.
2,Maple Technologies was given a controlling share of Google by Google.
3,The newly formed Alphabet "acquired" Maple Technologies.
4,Now Alphabet owns Google.
5,Maple Technologies, no longer necessary, merges back into Google — the subsidiary — and is discarded.
6,This kind of shuffle is pretty common in corporate America. If you`re ever watching a spy TV show and they mention "shell companies," this is kind of what they`re talking about.
But why "Maple Technologies"? We don`t know. Maybe Larry and Sergey like their syrup ...
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