London Stock Exchange to sell 4% stake to Microsoft in 10-year platform deal
the deal would increase the exchange's revenue growth"meaningfully over time as new products come on-stream," without putting a number on that. Microsoft, on the other hand, had that dollar value ready for the next earnings call and said it"estimates this partnership, and broader market opportunity, could generate an additional $5 billion in revenue for the company over the next 10 years, including the $2.
"Customers will be able to create financial models, run data analytics and visualizations using LSEG content delivered in Excel and work seamlessly between LSEG Workspace and Microsoft 365." The LSE said total incremental cash costs over 2023-2025 for the group were expected to be in the range of"£250-300 million, including around £100 million in capex and a 50-100 basis points impact on EBITDA margin over the same period."
In its own statement, LSEG also confirmed the contractual commitment for minimum cloud-related spend with Microsoft of $2.8 billion over the term of the partnership, saying"additional spend with Microsoft will be driven by the success of the strategic partnership.
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