By: Wall Street Journal
December 12, 2022
LONDON—Microsoft Corp. MSFT -2.36%decrease; red down pointing triangle will take a 4% stake in the London Stock Exchange’s corporate parent and help shift the exchange’s financial data and trading platforms to the cloud, in a deal that reflects the growing use of data and tech in global finance.
The deal revealed Monday calls for London Stock Exchange Group PLC, LSEG 1.78%increase; green up pointing triangle owner of Europe’s biggest stock exchange by market value, to spend $2.8 billion over the next decade on Microsoft products, mainly its Azure cloud service.