{"id":22721,"date":"2022-12-12T13:05:32","date_gmt":"2022-12-12T13:05:32","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/12\/12\/lse-to-sell-4-stake-to-microsoft-in-10-year-migration-deal-the-register\/"},"modified":"2022-12-12T13:05:32","modified_gmt":"2022-12-12T13:05:32","slug":"lse-to-sell-4-stake-to-microsoft-in-10-year-migration-deal-the-register","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/12\/12\/lse-to-sell-4-stake-to-microsoft-in-10-year-migration-deal-the-register\/","title":{"rendered":"LSE to sell 4% stake to Microsoft in 10-year migration deal \u2022 The Register"},"content":{"rendered":"

<\/a>\n<\/p>\n

\n

Microsoft said this morning it expects to pull in $5 billion in revenue from a deal with the London Stock Exchange Group (LSEG) to haul the British exchange operator’s data platform into the cloud.<\/p>\n

The agreement will see the American software behemoth buy 4 percent equity of LSEG itself from the Blackstone\/Thomson Reuters Consortium as well as sorting the bourse’s tech migration in the name of “a digital transformation approach underpinned by modern cloud and AI technology.”<\/p>\n

Microsoft will refurb “legacy platforms,” let loose “siloed information” and unplug “limits on scale and data overload,” or so it said in a statement<\/a> this morning.<\/p>\n

\n