Policy
Dutch government blocks US company from acquisition citing risk to public interest
Image: Primary The Dutch government has blocked American IT giant Kyndryl from acquiring Solvinity, a Dutch cloud provider. Solvinity hosts the Netherlands online identity platform known as DigiD. Officials in The Hague said the deal poses a possible risk to the public interest.
Dutch minister for the digital economy Willemijn Aerdts said in a machine-translated letter that the government has imposed a complete prohibition on the acquisition. The deal would have allowed Kyndryl to buy Solvinity for an undisclosed sum. DigiD is a service managed
The deal triggered fears that DigiD data would fall under foreign control and could be demanded
U.S. law allows government
Sources
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