In a surprise announcement, corporate giants Coca-Cola and PepsiCo today announced a multi-billion-dollar merger of their soft-drink divisions.

Following the recent example set by United and Continental airlines, the newly merged company will feature Coke’s trade name and Pepsi’s logo.

“It’s easier to combine two existing logos than to create a new one,” said Indra Nooyi, PepsiCo’s chairman and CEO. “Besides, what could be better than two icons? We look forward to serving our new blended cola beverage in Coke’s iconic bottle with Pepsi’s trademark globe on the side.”

Asked about the decision to combine trademarks, Muhtar Kent, Coke’s chairman and CEO, said, “As everyone knows, they spent hundreds of millions on their logo makeover and took a lot of heat for what they got. They’re a little sensitive about it. We agreed they could keep their globe if we could keep our bottle.”

In other news, Apple is reportedly being acquired by Microsoft. Unnamed sources have indicated the company’s new logo will feature a window with a bite taken out of it.