Dutch Government Blocks Kyndryl's Solvinity Takeover Over Public-Interest Security Risk
Updated
Updated · Bloomberg · May 26
Dutch Government Blocks Kyndryl's Solvinity Takeover Over Public-Interest Security Risk
7 articles · Updated · Bloomberg · May 26
The Netherlands imposed a complete ban on Kyndryl's planned acquisition of Solvinity Group BV, stopping a deal that was close to completion.
Digital Economy Minister Willemijn Aerdts told parliament the takeover of the Dutch cloud-services provider could threaten the public interest on security grounds.
The intervention halts a U.S. buyer's attempt to take control of a company that provides cloud services in the Netherlands, underscoring tighter scrutiny of sensitive digital infrastructure.
Having blocked a US tech takeover, can the Netherlands now build a truly sovereign cloud to protect its citizens' data?
As Europe blocks US tech deals over data laws, is the era of open digital investment officially over?