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Google Spins Off Game Maker Niantic Labs

Google Inc (NASDAQ:GOOG), which just days ago announced a major restructuring initiative,

that very soon it will spin off Niantic Labs. The internet firm said it wants the game maker to stand as an independent company and expand its clients list.

Google continues restructuring

Google is doing a major restructuring of its business for making a clear distinction between its core and peripheral products, which include games and driverless cars. With the intention of separating the businesses within the company, Google created a holding company called Alphabet earlier this week. The move allows separate businesses to function more independently while still under a single umbrella.

"They're now...