Niantic Labs is being spun off from Google as an independent company

Niantic Labs, the division of Google responsible for running popular augmented reality game Ingress, has announced to users that it is becoming an independent company — presumably as a result of Google's recent moves with Alphabet. From Niantic Labs:

Niantic Labs is becoming an independent company. We'll be taking our unique blend of exploration and fun to even bigger audiences with some amazing new partners joining Google as collaborators and backers. Niantic will be building on the success of +Ingress, which has been downloaded more than 12M times, has attracted more than 250,000 people to live events around the world, and has inspired users to collectively walk the distance from the earth to the sun while playing, exploring and discovering.

As an independent company, Niantic Labs won't be one of Alphabet's properties. However, Google will remain a backer, along with other upcoming partners. In an email to users, Niantic Labs says that Google will begin transferring user data over to Niantic on September 11, but users can opt out of this process if they so choose.

Source: +Ingress