Microsoft signs Cloud deal with London Stock Exchange

Microsoft will buy about 4 percent equity stake in London Stock Exchange Group (LSEG) as part of a 10-year Cloud deal to migrate the bourse operator’s data platform into the cloud.
Microsoft stores
The British company said on Monday Microsoft will buy London Stock Exchange’s shares from the Blackstone / Thomson Reuters Consortium.

London Stock Exchange has made a contractual commitment for minimum cloud-related spend with Microsoft of $2.8 billion over the term of the partnership.

London Stock Exchange bought Refinitiv for $27 billion in 2021, which turned the exchange into the second largest financial data company after Bloomberg.

Thomson Reuters, which owns Reuters News, has a minority shareholding in LSEG following the Refinitiv deal.

London Stock Exchange has made good progress on its program for the delivery of its cloud-based data platform since the completion of the Refinitiv acquisition in January 2021.

Related News

Latest News

Latest News