Key Takeaways
- Microsoft will pay almost $2 billion for a 4% share in the London Stock Exchange Group (LSEG).
- As part of the deal, LSEG will migrate their back office to Microsoft products and implement their Azure cloud service across their business.
- As part of the deal, LSEG has agreed to spend a minimum of $2.8 billion on cloud computing products over the next 10 years.
- It will be a major step forward in the modernisation of financial markets, with heavy regulation and complex systems making migration to cloud based systems a slow and challenging process.
We’ve seen a major partnership announced this morning, with Microsoft and the London Stock Exchange Group (LSEG) agreeing on a 10 year deal which will see Microsoft acquire almost 4% of the parent company of the UK’s biggest stock exchange.
The plan will see Microsoft work with LSEG to bring their data infrastructure and analytics capabilities, using Microsoft’s Azure cloud offering, plus their AI capabilities as well as Microsoft Teams.
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