Microsoft has purchased a 4% stake in the London Stock Exchange for a $2 billion deal which will involve the use of the company's cloud infrastructure and products.
made the announcement on Monday without outlining the specific details of the deal; however, the partnership will allow LSEG to use cloud-computing infrastructure to help boost profits via Microsoft products such as Azure, AI, and Teams.
Following the announcement, LSEG’s shares increased by 4% in Europe as both sides heralded the deal as a long-term partnership.
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