US tech group Microsoft is to take a 4 per cent stake in London Stock Exchange as part of a 10-year strategic partnership to improve the exchange’s data and analytics.
As part of the deal, Microsoft will provide LSEG with data analytics and cloud infrastructure products using its Azure, AI and Teams platforms, according to a statement on Monday.
“With the Microsoft Cloud and its AI capabilities, the deal significantly advances LSEG’s strategy of building an efficient and scalable platform for its data and analytics business to deliver next-generation services?.?.?.?through improved workflow and greater flexibility,” the statement said.
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