Microsoft’s partnership with LSEG
Microsoft Corp. has agreed to purchase a share in London Stock Exchange Group Plc., giving the software corporation a 4% ownership interest in the company.
Scott Guthrie, Microsoft’s senior vice president of cloud and artificial intelligence, said, “Microsoft will purchase shares held by a consortium comprising Blackstone and Thomson Reuters Corp.”
Microsoft will receive approximately $2.8 billion as a result of the transaction.
Microsoft stated in a statement that “this shareholding is part of a larger agreement to help the owner of the London Stock Exchange build data analytics and cloud infrastructure using Microsoft technology.”
Over the course of the collaboration, Microsoft may anticipate receiving about $2.8 billion from LSEG, with extra costs based on the success of the strategic relationship and demand for the LSEG data platform and professional services.