Microsoft set to pick 4% stake in the London Stock Exchange Group

As part of Microsoft’s stake, LSEG is legally obligated to spend at least $2.8 billion on cloud computing services.

This will entail LSEG moving its data platform and “other key technology infrastructure” to Azure while integrating the Workspace data and analytics product it acquired as part of its Refinitiv acquisition last year with key Microsoft apps.

[Via]