Microsoft has agreed to take a stake in the London Stock Exchange Group (LSEG) and deliver tech solutions.
In Brief:
In a 10-year deal, Microsoft will deliver cloud, data analytics and workspace products.
LSEG’s data platform and technology infrastructure have moved to the Microsoft Azure cloud.
The deal is expected to bring $5bn revenue into Microsoft.
What does this mean?
As well as becoming a key supplier through the partnership, Microsoft will gain a 4% stake in the Group, through acquisition of shares from Blackstone/Thomson Reuters.
David Schwimmer, CEO of London Stock Exchange Group, said Microsoft will “transform the way our customers discover, analyse and trade securities around the world, and create substantial value over time”.
