Microsoft announces deal with London Stock Exchange

In 12/2022, Microsoft and the London Stock Exchange Group announced a 10-year strategic partnership focused on next-generation data, analytics, and cloud infrastructure. The agreement centered on migrating LSEG’s technology platforms to Microsoft Azure and integrating financial data services with Microsoft productivity tools. The collaboration aimed to modernize LSEG’s data delivery systems and expand analytics capabilities using cloud-based technologies. As part of the deal, Microsoft agreed to purchase an approximately 4 percent equity stake in LSEG from the Blackstone and Thomson Reuters consortium, valued at about $2 billion. LSEG committed to a minimum cloud-related spending of $2.8 billion over the 10-year period to migrate its data platform and core infrastructure to Azure. The companies also planned product integration between LSEG Workspace and Microsoft applications including Teams, Excel, and Microsoft 365, enabling financial data access within collaboration and productivity environments. The partnership included joint development of analytics and modeling tools using Azure and Azure Machine Learning. The companies said they would co-innovate on cloud-based financial data solutions and enhanced workflow capabilities for market participants. As part of the agreement, Microsoft Executive Vice President of Cloud and AI Scott Guthrie was appointed as a non-executive director on the LSEG board following completion of the investment. The December 2022 announcement positioned the partnership as a long-term technology modernization effort combining cloud infrastructure, financial market data, and productivity software integration across global financial institutions.