Google and Amazon, Comcast, and Microsoft to merge: report
Google and Microsoft will join forces in a $100 billion merger, the Wall Street Journal reports.
This is a merger of the world’s largest companies, according to the Wall St. Journal.
Google’s parent company, Alphabet, will acquire Microsoft Corp., and Microsoft’s parent, Amazon.com Inc., will acquire Amazon.
The combined companies will be called Alphabet.
The merger will create a global technology company that is “the most powerful in the world,” according to one executive at one of the companies.
The companies will use their existing platforms to sell products and services to customers around the world.
The new company will focus on software development, services, and technology infrastructure, and is expected to become the largest technology company in the United States.
It will be a major player in the Internet of Things, which will become increasingly important as the economy evolves.
The report comes a week after Microsoft announced plans to merge with Amazon in a bid to grow its cloud business.
Microsoft will also acquire Nokia, a Finnish phone company, for $7.5 billion.