Cloud Deal – Microsoft Stake in London Stock Exchange Group 🤝

Cloud Deal – Microsoft Stake in London Stock Exchange Group

Microsoft (MSFT) is purchasing a 4% stake in the London Stock Exchange Group (LDNXF), as part of a deal that will see the market operator spend at least $2.8 billion over 10 years on Microsoft’s cloud services. In a joint statement, the companies announced the partnership and highlighted the benefits it would bring to the stock exchange’s customers through improved data and analytics. Shares of the London Stock Exchange Group (LSEG) increased by 4% in early trade. The partnership “creates attractive revenue growth opportunities for both companies,” LSEG CEO David Schwimmer said.

As part of the deal, the London Stock Exchange’s data platform and other technology infrastructure will be migrated into Microsoft’s Azure cloud environment. The companies also plan to work together to develop new products and services for data and analytics using Microsoft Azure, Microsoft Teams, and Microsoft’s artificial intelligence (AI) capabilities. As a start, the exchange will be able to share its data and analytics with Teams and Microsoft 365, which includes Excel and PowerPoint. The deal with Microsoft includes a commitment by LSEG to spend at least $2.8 billion on Microsoft’s cloud-related products and services over the 10-year term of the partnership. This is consistent with existing long-term spending plans, according to the statement. Microsoft will buy its LSEG shares from Blackstone and Thomson Reuters (TRI), and the purchase is expected to complete in the first quarter of 2023.

What do you think about the partnership? How will it affect Microsoft’s positioning in the Cloud Computing space?

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