London Stock Exchange Group PLC said Monday that it has launched a 10-year partnership with Microsoft Corp. for next-generation data and analytics and cloud infrastructure solutions. The stock-exchange and financial-information company said that the deal is expected to boost revenue growth meaningfully over time as new products come on-stream. As part of the partnership, Microsoft will buy around 4% of LSEG's equity stake through the acquisition of shares from the Blackstone/Thomson Reuters Consortium. Read More...
Reuters
Exclusive-Geely’s premium electric car brand Zeekr seeks over $1 billion in U.S IPO – sources
Zeekr, Chinese automaker Geely’s upmarket electric car brand, has confidentially filed for a U.S. initial public offering, aiming to raise more than $1 billion, three sources with direct knowledge of the matter told Reuters. In what would be the first major Chinese float in the United States in more than a year and a half, Zeekr is seeking a valuation of more than $10 billion, two of the sources said. The plans come as the brand, which competes with Tesla Inc and Chinese peer Nio Inc, sets its sights on marketing its 001 crossover – its first and only model – in Europe next year.
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