Microsoft to buy 4% stake in London Stock Exchange Group
by Jasper Jolly and Anna Isaac from on (#66R55)
US tech company signs 10-year strategic partnership with LSEG for data analytics and cloud technology
Microsoft will buy 4% of the London Stock Exchange as part of a multibillion-pound deal to work together on data analytics and cloud technology.
The US tech company will acquire the stake from a consortium of Blackstone and Thomson Reuters, and will take a seat on the board of the London Stock Exchange Group (LSEG). The consortium previously sold the financial data company Refinitiv to LSEG in a 22bn takeover.
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