Netherlands blocks Kyndryl's acquisition of Dutch cloud firm Solvinity over security concerns
By
Alfonso Maruccia
Crackling crust, pillowy middle. The kind of bagel that earns a second cup of coffee.
Summary
The Netherlands blocked US company Kyndryl from acquiring Dutch cloud specialist Solvinity, citing national security risks and public interest concerns. State Secretary Willemijn Aerdts confirmed the takeover ban, which reflects growing European efforts to build digital sovereignty and reduce reliance on US technology providers. The decision highlights the accelerating technological divergence between the US and Europe.
Key quotes
· 3 pulledCiting a potential security risk to the country's public interest, State Secretary for Digital Economy Willemijn Aerdts recently confirmed the takeover ban.
The decision anticipates a potentially disruptive initiative designed to further promote European sovereignty in the digital market.
As far as technology is concerned, US and Europe are growing apart at an accelerated rate.
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