Google's money comes from adwords. Adwords has two key assets. One is Google search. The other is Google's systemic ability to gather ad-useful data using android, maps, etc.
Everything else is stuff that exists to support the search/ads/data money maker or it is ways of spending the enormous profits generated by this monopoly. EG Waymo.
The first group can't be separated and retain value, unless the post break up shards contract to operate like they did before. That is basically a trust. The second group just aren't viable businesses, or aren't big.
I'm not saying it's impossible, just saying it gets real squishy and there aren't many guiding principles.