This seems like it would be the perfect foundation with which acquire twitter right? A twitter acquisition makes sense under Alphabet in a way it doesn't under Google, no?
Yes. I think the anti-trust case is weaker if Twitter is wholly owned subsidiary of Alphabet, instead of Google.
On a broader scale I think Google is gearing up to aquire its way out of areas of stunted growth for the company. A number of businesses haven't taken off:
Twitter :: Google Real-Time
Box :: Google Drive At Enterprise Level
8x8 :: Google Voice
And F is for Facebook and W is for whatever... This restructuring really had little practical value and doesn't change anything -- including plans to acquire or not acquire Twitter. Sure the legals are different but the company isn't.
On a broader scale I think Google is gearing up to aquire its way out of areas of stunted growth for the company. A number of businesses haven't taken off:
Twitter :: Google Real-Time Box :: Google Drive At Enterprise Level 8x8 :: Google Voice
(I own none of these stocks)