Google, Microsoft, Facebook and Twitter announced the largest merger in computer software history today.
The deal, which will create the world’s biggest and most powerful data center for data centers and cloud computing, will combine the data centers of Google and Microsoft, according to a press release.
The combined entity, called Triton, will be called Google Cloud Platform, according the company.
The Google-Microsoft-Facebook deal will be announced by Google’s chief executive officer, Sheryl Sandberg, in New York City on Wednesday.
Google CEO Sundar Pichai said the merger will help accelerate the pace of innovation and help drive a new era of data-driven computing.
“Today is a momentous day for the world,” Pichaisaid in a statement.
“Google is a global leader in computing, and today’s announcement marks a new chapter in the story of the Internet.
Google Cloud is the next chapter in our evolution to become a data center-based, cloud computing platform.
Google will now be a leader in building a new future for people and businesses around the world.
We’re thrilled to help bring about this great transformation.”
The companies have a combined market capitalization of $70 billion, which is more than three times as large as Amazon.com.
Google’s total revenue is $38.2 billion.
Facebook’s revenue is about $11 billion.
Twitter’s total revenues are about $5 billion.
The news comes as tech giants face growing concerns over the impact of climate change on their business models.
Google and Facebook have argued that their business is immune to the impacts of climate changes, while Microsoft and Twitter argue that they can adapt to the challenges.