) consortium, which turned the exchange into the second largest financial data company after Bloomberg LP.
Microsoft has a longstanding relationship with LSEG, and the exchange group’s Chief Executive David Schwimmer said that about a year ago they began talks on a more strategic relationship. “We will continue to maintain our multi-cloud strategy and working with other cloud providers,” Mr. Schwimmer said.
“This feels like a key milestone in LSEG’s journey towards being information solutions-centric, even if ‘meaningful’ revenue growth specifics are lacking,” analysts at Jefferies said. The purchase price represents a 60-per-cent premium to Weber’s closing price on Oct. 24, the last trading day before BDT submitted its takeover offer.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: