US software giant Microsoft is to take a 4% stake in the London Stock Exchange (LSEG) as part of a ten-year partnership through which LSEG pledges to spend £2.3 billion (£2.6 billion). francs) in the purchase of IT services.
The London Stock Exchange Group (LSEG) and Microsoft are launching a ten-year strategic partnership ‘on advanced cloud computing or data and analytics systems’, a joint statement said on Monday.
Microsoft will buy back regarding 4% of shares in LSEG ‘through the acquisition of shares of the Blackstone/Thomson Archyde.com consortium’, specify the two companies, without giving an amount.
At the same time, ‘the LSEG is committed to minimum expenditure on dematerialized computing (cloud) in favor of Microsoft of 2.8 billion dollars’ (2.3 billion pounds).
The action of the LSE took 3.81% to 7688.00 pence around 10:00 GMT.
/ATS
