Trending: Microsoft to Buy Stake in London Stock Exchange Group
13 December 2022 - 6:46AM
Dow Jones News
14:13 ET -- Microsoft Corp. is one of the most talked about
companies in the U.S. across all news items in the last 12 hours,
according to Factiva data. The company will buy a 4% stake in the
London Stock Exchange's corporate parent and help shift the
exchange's financial data and trading platforms to the cloud. The
deal calls for London Stock Exchange Group PLC to spend $2.8
billion over the next decade on Microsoft products, mainly its
Azure cloud service. Microsoft will buy the shares from a
consortium of Blackstone Inc. and Thomson Reuters Corp. entities.
Dow Jones & Co. owns Factiva. (josh.beckerman@wsj.com)
(END) Dow Jones Newswires
December 12, 2022 14:31 ET (19:31 GMT)
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