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LONDON: US software giant Microsoft will buy a four per cent stake in the London Stock Exchange Group under a new IT services tie-up, the pair announced on Monday.
The long-term partnership focuses “next-generation data and analytics and cloud infrastructure solutions” including artificial intelligence (AI), a statement said.
Microsoft will acquire a holding worth 1.5bn-sterling ($1.8bn) at current prices, while London Stock Exchange Group (LSEG) committed to spending a minimum of $2.8bn on cloud-related services.
Published in Dawn, December 13th, 2022
