Microsoft Corporation completed the acquisition of a 4.2% stake in London Stock Exchange Group plc (LSE : LSEG) from Thomson Reuters Corporation, York Holdings II Limited and York Holdings III Limited.
January 29, 2023
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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).
Microsoft Corporation (NasdaqGS:MSFT) completed the acquisition of a 4.2% stake in London Stock Exchange Group plc (LSE : LSEG) from Thomson Reuters Corporation (TSX:TRI), York Holdings II Limited and York Holdings III Limited on January 30, 2023.
Thomson Reuters Corporation serves professionals across legal, tax, accounting, compliance, government and media. The Company operates through five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. Legal Professionals segment serves law firms and governments with research and workflow products. Corporates segment serves corporate customers from small businesses to multinational organizations, including the seven global accounting firms, with its full suite of content-driven technology solutions. Tax & Accounting Professionals segment serves tax, accounting and audit professionals in accounting firms with research and workflow products. Reuters News segment supplies business, financial and global news to the worldâs media organizations, professionals and news consumers through Reuters News Agency, Reuters.com, Reuters Events, Thomson Reuters products and to financial market professionals exclusively via LSEG products.
Microsoft Corporation completed the acquisition of a 4.2% stake in London Stock Exchange Group plc (LSE : LSEG) from Thomson Reuters Corporation, York Holdings II Limited and York Holdings III Limited.