Microsoft Corp. (NASDAQ: MSFT) has agreed on a deal to see the tech giant acquire a 4% stake in the London Stock Exchange Group Plc (LON: LSE).

Microsoft said on its blog on Monday that it will pay $2.8 billion to finalize the cloud computing transaction. Over ten years, Microsoft hopes to make up to $5 billion in revenue from LSEG and the larger financial services industry.

According to the news announcement, Microsoft will acquire shares from Blackstone and Thomson Reuters Consortium to purchase the equity investment in LSEG.

LSEG looks to grow market with 10-year deal

In its 10-year relationship with Microsoft, the London Stock Exchange expects to invest at least $2.8 billion in cloud services. Through this collaboration, the LSEG will use Microsoft’s technology to move the stock exchange markets to the cloud and launch new goods and services.

Commenting on the deal, David Schwimmer, the CEO of the London Stock Exchange Group, said in a statement:

“This strategic partnership is a significant milestone on LSEG’s journey towards becoming the leading global financial markets infrastructure and data business and will transform the experience for our customers.”

London Stock Exchange shares soar

The LSEG shares soared nearly 4% early Monday morning following the news before paring the gains in later trading. The stock’s price was 2.1% up at 1:40 pm London time.

Microsoft’s shares were trading near $246.75 pre-market, just under 1% up at 08:40 am ET. The MSFT shares closed at $245.42 on Friday, still more than 26% down year-to-date.