Microsoft to buy 4% stake in LSEG as part of cloud tech 'partnership'
The London Stock Exchange Group has said the deal brings together its"leading data sets, analytics, and global customer base with Microsoft's comprehensive and trusted cloud services".The owner of the London Stock Exchange has revealed that Microsoft is to buy a 4% stake in the business as part of a deal that will see its data platform migrate to cloud technology.
The London Stock Exchange Group said it had made a contractual commitment for a minimum $2.8bn cloud-related spend with the US tech firm over the course of their 10-year partnership.said the basis of the agreement will be the digital transformation of LSEG's technology infrastructure and Refinitiv platforms on to the Microsoft Cloud.
"The initial focus will be on delivering interoperability between LSEG Workspace and Microsoft Teams, Excel and PowerPoint with other Microsoft applications and a new version of LSEG's Workspace," the US company said.Microsoft will buy LSEG shares from the Blackstone/Thomson Reuters consortium, the exchange operator said.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Microsoft to take 4% stake in London Stock Exchange\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Lire la suite »
Microsoft to buy 4% stake in LSEG as part of cloud tech 'partnership'The London Stock Exchange Group says the deal brings together its leading data sets, analytics and global customer base with Microsoft's trusted cloud services.
Lire la suite »
LSE to sell 4% stake to Microsoft in 10-year migration dealUS tech giant's data analytics and cloud products for a slice of Brit market action
Lire la suite »
William and Harry will exchange Christmas gifts for children but not each otherPrinces WIlliam and Harry are determined not to let their feud affect their children, as both are said to be sending Christmas gifts across the pond for the little ones
Lire la suite »
Prince Harry and Prince William's royal children exchange Christmas gifts amid Netflix seriesThe Duke and Duchess of Sussex's kids Archie and Lilibet and the Prince and Princess of Wales' children George, Charlotte and Louis are reportedly planning to exchange presents.
Lire la suite »
Microsoft responds to The Game Awards 2022 no-showMicrosoft's Aaron Greenberg has addressed concerns from fans about Xbox's absence at The Game Awards 2022, which was dominated by PlayStation, Nintendo, and third-party games and announcements.
Lire la suite »