Microsoft buys 4% stake in London Stock Exchange

Microsoft on Monday said it was investing in the London Stock Exchange in a deal that will see the stock exchange use the software giant’s data and cloud infrastructure.

Microsoft MSFT, -0.80% is going to buy a 4% stake in the London Stock Exchange LSEG, 4.00% — valued at £1.5 billion ($1.8 billion) using Friday’s closing price — from Blackstone BX, -0.72% and Thomson Reuters TRI, -0.14%, which hold a stake from the Refinitiv deal. In addition, Scott Guthrie, who is an executive vice president of cloud and artificial intelligence, will join the LSE as a board member.