Microsoft and Apple have agreed to merge the largest publicly traded computer company in the world, with the combined company having $4 billion of assets.

In a statement to TechRadars, Microsoft said: “We’re very excited to be joining forces with Apple to deliver more value and reach more customers.

The combined company will help us accelerate the transformation of Microsoft’s business and deliver more innovative products and services.”

Microsoft is currently one of the most valuable companies in the US, with assets valued at $9.8 trillion.

The company announced the deal on Monday, the same day the UK government announced it was scrapping its plans to merge with Microsoft.

In March, the UK Government announced plans to sell off its assets in the UK, and would be forced to buy back its own shares to cover its share of the losses.