The issue is if they did this, what would happen is:
1) An enormous pile of cash would accumulate on Google's balance sheet.
2) The spinoffs would be subject to normal commercial rules about risk, rate of return and such.
3) The spinoffs couldn't be "brand Google." Which is a not-inconsiderable thing.
Couldn't they just be in the Google family? Like there's a startup I work adjacent to called aker BP. BP owns a 30% stake. But aker BP is a separate company that's publicly traded.
1) An enormous pile of cash would accumulate on Google's balance sheet. 2) The spinoffs would be subject to normal commercial rules about risk, rate of return and such. 3) The spinoffs couldn't be "brand Google." Which is a not-inconsiderable thing.
Clearly though, it's a good call.