Microsoft to buy 4% of LSE Group as part of $2.8-billion cloud deal

Microsoft agreed to buy a 4 per cent  stake in London Stock Exchange Group (LSEG) in a $2.8 billion cloud-computing deal that pushes big tech further into financial markets.
 

As part of the agreement, LSEG said it will spend at least that amount on cloud services with Microsoft over the next 10 years.

The partnership will speed up the migration of its markets to the cloud and allow it to develop new products and services, it said Monday.

The transaction adds to a recent trend of exchanges and tech firms linking up after similar partnerships between Nasdaq and Amazon, as