LONDON— Microsoft Corp. will take a 4% stake in the London Stock Exchange’s corporate parent and help shift the exchange’s financial data and trading platforms to the cloud, in a deal that reflects the growing use of data and tech in global finance.
The deal revealed Monday calls for London Stock Exchange Group PLC, owner of Europe’s biggest stock exchange by market value, to spend $2.8 billion over the next decade on Microsoft products, mainly its Azure cloud service.
