A Chinese consortium led by Jiangsu Sha Steel Group has bought a £2.4bn (US$2.9bn) stake in cloud computing giant Global Switch as rising data traffic continues to fuel multibillion dollar deals. The Elegant Jubilee consortium is buying 49% of the UK-headquartered provider of cloud neutral data centres in Europe and Asia-Pacific from Aldersgate Investments, owned by British billionaire brothers David and Simon Reuben. A […]