Google created this company only to destroy it

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Flickr / Mårten Persson

It’s official: When the markets open Monday, what once was traded as Google will become Alphabet.

This change took a lot of behind-the-scenes financial wizardry: A US Securities and Exchange Commission document filed Friday shows that Google created a company called Maple Technologies Inc. … only to destroy it once the changeover to Alphabet was done.

Reading the SEC document too closely will give you a headache, but here’s how it worked, as we currently understand it:

Google created Maple Technologies as a wholly owned subsidiary. Maple Technologies was given a controlling share of Google by Google. The newly formed Alphabet “acquired” Maple Technologies. Now Alphabet owns Google. Maple Technologies, no longer necessary, merges back into Google – the subsidiary – and is discarded.

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 …

Here’s how the company described it in various SEC filings:

On October 2, 2015, the registrant implemented a holding company reorganization (the “Alphabet Merger”) pursuant to the Agreement and Plan of Merger (the “Merger Agreement”), dated as of October 2, 2015, among the registrant, Alphabet Inc., a Delaware corporation (“Alphabet”) and Maple Technologies Inc., a Delaware corporation (“Merger Sub”), which resulted in Alphabet owning all of the outstanding capital stock of the registrant. Pursuant to the Alphabet Merger, Merger Sub, a direct, wholly owned subsidiary of Alphabet and an indirect, wholly owned subsidiary of the registrant, merged with and into the registrant, with the registrant surviving as a direct, wholly owned subsidiary of Alphabet.