It follows the soon-to-be-released The Social Network, directed by David Fincher, which chronicles the founding of Facebook , the social networking website.
According to Deadline Hollywood, the entertainment industry blog, the film will be based on the Ken Auletta book "Googled: The End of the World As We Know It" and will tell the story of founders Sergey Brin and Larry Page.
Michael London, the film's producer, told Deadline Hollywood: "It's about these two young guys who created a company that changed the world and how the world in turn changed them.
"The heart of the movie is their wonderful edict: don't be evil.
"At a certain point in the evolution of a company so big and powerful, there are a million challenges to that mandate.
"Can you stay true to principles like that as you become as rich and powerful as that company has become?"
Page and Brin founded Google while they were PhD students at Stanford University in the 1990s. They are now billionaires. No actors have yet been cast to play them.
The Social Network was adapted from Ben Mezrich's 2009 book "The Accidental Billionaires."
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