Microsoft Corp. MSFT -0.80%decrease; red down pointing triangle will take a 4% stake in the London Stock Exchange’s LSEG 2.11%increase; green up pointing triangle corporate parent and provide cloud computer services for the financial markets company, in a deal that reflects the growing use of data and tech in global finance.
The deal announced Monday calls for London Stock Exchange Group PLC, owner of Europe’s biggest stock exchange by market value, to spend $2.8 billion over the next decade on Microsoft products, mainly its Azure cloud service.
