In Plain English
Alphabet is splitting off Verily into its own separate, publicly-traded company. Shareholders typically receive shares in the new entity automatically. This was recently announced.
Verily will become a separate public company
Deal Progress
RUMORED
ANNOUNCED
PENDING
ACTIVE
COMPLETED
Parent Company
Alphabet
GOOG
Healthcare Technology
SpinCo / Target
Verily
Announced
Oct 2, 2025
Oct 2, 25
Expected
TBD
Market Cap
Not disclosed
Deal Value
Not disclosed
Summary
Alphabet exploring separation of its Verily life sciences subsidiary.
Deal Flow Timeline
Key milestones from announcement to expected completion
Deal Announced
2025-10-02
COMPLETEDForm 10 Filed
UPCOMINGIRS Tax Ruling
UPCOMINGShareholder Approval
UPCOMINGRecord Date
UPCOMINGDistribution / Completion
UPCOMINGDeal Announced
COMPLETEDInitial public announcement of the transaction.
2025-10-02
Form 10 Filed
UPCOMINGRegistration statement filed with the SEC for the new entity.
IRS Tax Ruling
UPCOMINGPrivate letter ruling confirming tax-free treatment.
Shareholder Approval
UPCOMINGBoard and/or shareholder vote to approve the separation.
Record Date
UPCOMINGRecord date for distribution of new shares.
Distribution / Completion
UPCOMINGShares of the new entity distributed to shareholders.