Thursday, April 25

Tag: Global Switch

$10 Billion Deal- Two Indian Brothers in Talk With Chinese Company For Server Deal
ACQUISITION

$10 Billion Deal- Two Indian Brothers in Talk With Chinese Company For Server Deal

Two Indian-origin brothers, who were declared as Britain's richest family this year, were today said to be close to clinching a whopping 5 billion pound deal to sell a stake in one of the worlds biggest computer hosting networks to a Chinese consortium. Mumbai-born brothers - David and Simon Reuben - are in advanced talks to sell half of their UK based company Global Switch, which runs data centres in locations ranging from London to Hong Kong and Singapore, according to The Sunday Times. Global Switch's two centres in Canary Wharf, east London, are together the biggest in Europe. They manage servers for a range of Wall Street banks and Sprint, the US wireless internet provider. The Chinese consortium is led by Daily Tech, a data centre giant run by its founder Li Qiang. Daily Tec...