LSEG's two decades of major deals, partnerships and strategic pivots

Feb 11 (Reuters) - Activist investor Elliott Management has built a stake in the London Stock Exchange Group and is engaging with the financial data and analytics group to improve its performance, a person familiar with the matter told Reuters. Shares of LSEG (LSEG.L), opens new tab slipped more than 1% after jumping nearly 8% earlier in the session on Wednesday at a time when uncertainties persist over newer AI-models disrupting traditional businesses. The London Stock Exchange has a storied history dating back more than 300 years, but was incorporated into the London Stock Exchange Group in October 2007. Here is a timeline of key events from the founding of the current UK-based company to Elliot's latest investment: Date Event 2007 LSEG as a corporate entity was founded in 2007, when the London Stock Exchange merged with Borsa Italiana in a deal valued at 1.6 billion euros. 2009 LSEG acquires Millennium IT, a Sri Lanka-based technology solutions provider involved in the global capital markets industry, for $30 million. 2009 LSEG buys 60% stake in pan-European equities trading platform Turquoise, in partnership with leading global investment banks. 2013 LSEG completes the purchase of a majority stake in global multi-asset class clearing house LCH Clearnet. 2014 LSEG completes the deal for US-based financial services provider Frank Russell Company for $2.7 billion, whose assets include the Russell Indexes business. 2016 LSEG and Deutsche Börse AG agrees on the terms of a recommended all-share merger deal worth 29 billion euros in March to create UK TopCo. 2017 LSEG completes the acquisition of Mergent, a U.S.-based provider of business and financial information on public and private companies. 2017 LSEG completes the deal for fixed income analytics platform and index business The Yield Book and Citi Fixed Income Indices, from Citigroup for $685 million. 2017 TopCo merger attempt is blocked by EU Competition Regulator. 2017 Activist hedge fund, The Children's Investment Fund Management, fails to oust chairman Donald Brydon, after accusing the board of forcing CEO Xavier Rolet out. 2018 Hedge fund TCI cuts stake in LSEG. 2018 LSEG increases majority shareholding in LCH Group. 2019 LSEG acquires a 4.92% stake in Euroclear in deal valued 278.5 million euros. 2019 LSEG acquires ESG fixed income data provider Beyond Ratings (now LSEG Sovereign Sustainability Solutions). 2019 LSEG confirms plans to acquire data and analytics company Refinitiv for $27 billion. 2020 LSEG agrees to sell Milan's Borsa Italiana stock exchange to Euronext for 4.3 billion euros. The sale was dependent on the Refinitiv transaction going through. 2021 LSEG agrees to acquire Quantile Technologies, a provider of portfolio, margin and capital optimisation and compression services, for up to $362 million. 2022 LSEG announces plans to acquire trading technology provider TORA for $325 million. 2022 LSEG signs an agreement to acquire MayStreet, a market data solutions provider. 2022 Microsoft agrees to purchase nearly 4% equity stake in LSEG through the acquisition of shares from the Blackstone/Thomson Reuters Consortium. 2022 LSEG acquires multi-asset post-trade services provider Acadia for about $700 million, according to the data analytics group. 2025 LSEG announces partnership with OpenAI that allows users to access Financial Analytics content, real-time market data, research and news from within ChatGPT. 2026 Activist investor Elliott builds a stake in LSEG and engages with the company to drive performance. Reporting by Johann M Cherian in Bengaluru; Editing by Arun Koyyur Our Standards: The Thomson Reuters Trust Principles., opens new tab

LSEG's two decades of major deals, partnerships and strategic pivots

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