Microsoft buys 4% stake in London Stock Exchange as part of 10-year cloud deal

TL;DR

- The release also said that Scott Guthrie, Microsoft's executive vice president for the Cloud and AI Group, will be appointed as a non-executive director of LSEG.LONDON — U.S. tech giant Microsoft on Monday announced a 10-year partnership with the London Stock Exchange Group and took a near 4% stake in the U.K. bourse operator."This strategic partnership is a significant milestone on LSEG's journey towards becoming the leading global financial markets infrastructure and data business, and will transform the experience for our customers," David Schwimmer, CEO of LSEG, said in the statement.The two companies will be working on advancing this product and integrating it with Microsoft Teams, the firm's messaging app.The release also said that Scott Guthrie, Microsoft's executive vice president for the Cloud and AI Group, will be appointed as a non-executive director of LSEG."

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