Microsoft to acquire 4% stake in London Stock Exchange
Manakin


Microsoft (NASDAQ:MSFT) has signed a ten-year commercial deal with London Stock Exchange Group (LSEG) to migrate the exchange operator's data platform into the cloud, Reuters reported on Monday.
As part of the deal, the tech company will enable digital transformation of LSEG's technology infrastructure and Refinitiv platforms on to the Microsoft Cloud, and, in exchange, acquire a 4% equity stake in the financial firm, which owns the London Stock Exchange.

Microsoft will buy LSEG shares from the Blackstone/Thomson Reuters consortium, the British exchange operator said.
The transaction is expected to complete in the first quarter of 2023.
Commenting on the deal, LSEG said the link with Microsoft was a partnership to reap the benefits of "consumption-based pricing" and not a traditional cloud deal.