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They are still subsidiaries of Alphabet. Previously the structure was like this: Alphabet | Google | Other Bets Now it will be:

• Geekette 9y ago
  Wrong. "The new entity, called XXVI Holdings Inc., will own the equity of each Alphabet company, including Google."
  • ahakki 9y ago
    Thank you for the correction. This is indeed the case. Are the "Other Bets" still subsidiaries to Google or are they owned directly by XXVI?