Your suites should have at least a 2 year retention policy... potentially more depending on your contract. The historical data in your existing suites will remain, and slowly truncate month by month as always.
You do not have to pay extra for those existing suites... Adobe is based on server calls, and if the calls move from suite a, b, c, etc over to the new suite, you should be using the same number of server calls.
While Adobe may be able to copy data from your existing suites over to the new suite, since you will likely have some changes (to support a global suite architecture) as well as changes based on your cleanup... also, not all your suites may be set up identically... this would be a heavy processing ETL, and probably not worth the cost....
I've been through similar shifts, generally I just take the hit and create multiple panels in Workspace for anything that needs to see historical data in comparison with the current (until the current has fully taken over and can support all the YOY / MOM, etc comparison reports....)
You could also look at temp reports built using Excel Report Builder, where you take traffic before and after the global suite, and build out simple reports in one graph.... (note that Visits and Visitors could be inflated in the "before" if you are adding the suites together - you may have to have a disclaimer for that, since the same users could have visited multiple sites)
If you already have a process for Raw Data Feeds, you could look at using that to build some of the reports (to de-dup the users based on ECID, and potentially de-dup visits by creating logic around the time that the same users interacts with multiple sites)... but Raw Data Feeds are a big under taking to get the all the processing rules down... so if you don't already have that, then this may not be an efficient effort (unless you are planning to have Data Feeds anyway, and this work is already planned)
So basically, only you and your team can really make the final decision, after weighing the time, effort and costs associated to these paths... but I can say in my experience, we went simple... balancing between multiple suites until were fully into one global suite (using multiple panels in Workspace and Report Builder to create reports)