Microsoft Corporation (NasdaqGS:MSFT) agreed to acquire 4.2% of stake in London Stock Exchange Group plc (LSE:LSEG) from Thomson Reuters Corporation (TSX:TRI), York Holdings II Limited and York Holdings III Limited for £1.5 billion on December 11, 2022. Microsoft executive Vice-President Scott Guthrie will join the LSE's Board. Closing of the transaction is subject to customary antitrust and regulatory approvals and is expected to complete in the first quarter of 2023.

Simpson Thacher team for this transaction included Ben Spiers, Deborah Harris, Vishaal Patel, Jon Ozner, Sophie Staples and Yash Rupal served as legal advisor to Blackstone Inc and certain investment funds affiliate of Canada Pension Plan Investment Board, an affiliate of GIC Special Investments Pte. Ltd. and Thomson Reuters. CMS von Erlach Partners acted as legal advisor to Microsoft Corporation (NasdaqGS:MSFT).

Kelvin Ross of Morgan Stanley acted as financial advisor to London Stock Exchange. Douglas P. Warner, Douglas P. Warner and Greg Featherman of Weil, Gotshal & Manges (London) Llp acted as legal advisors to CPP Investments, Blackstone Inc. Citigroup Inc. acted as financial advisor to London Stock Exchange Group plc. Barclays Capital Inc. acted as financial advisor to Microsoft Corporation (NasdaqGS:MSFT).