From Breakingviews - Microsoft plugs into LSEG data drive
with the owner of the London Stock Exchange and bought 4% of the $52 billion company. It’s a way for LSEG boss David Schwimmer to boost revenue, though investors will have to wait to see the results.
The tie-up has three parts. First, LSEG will shift its data platform to Microsoft’s Azure cloud business, spending at least 2.3 billion pounds over a decade. That’s part of a broader convergence between exchange operators and providers of virtual computing: Chicago-based CME
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