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The Dutch government blocks a U.S. company's acquisition of cloud service provider Solvinity

MarsBitNews
Mars Finance News, May 26 — According to Bloomberg, the Dutch government has blocked the proposed acquisition of Dutch cloud service provider Solvinity Group BV by American company Kyndryl, citing security concerns. Dutch Digital Economy Minister Willemijn Aerdts stated in a letter to Parliament on Tuesday: "The proposed Solvinity acquisition may pose risks to the public interest." She also announced that a "full ban" will be imposed on the transaction, which was originally close to completion.
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TvlDownBad
· 14h ago
In the future, cross-border mergers and acquisitions will require preparing multiple plans.
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DaoDoorKeeper
· 16h ago
Put this case into the textbook later.
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MemeFisher
· 16h ago
Kyndryl: I’ve already transferred the money, and you say it’s not okay?
View OriginalReply0
FrontrunTherapy
· 16h ago
The Netherlands' move is quite harsh, they directly banned it.
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GateUser-35b998a0
· 16h ago
It is becoming increasingly difficult for American companies to acquire European cloud service providers.
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EvenRocksNeedLiquidity
· 16h ago
Absolutely prohibited, no room for negotiation at all.
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BetaParanoiac
· 16h ago
The Minister of Digital Economy personally stepped into the field, and the level is not low.
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MirrorBallPeeking
· 16h ago
Solvinity escaped a disaster or missed the opportunity?
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RiskParachute
· 16h ago
It's the same old story for security reasons again.
View OriginalReply0
AuroraStone
· 16h ago
Cloud services involve data sovereignty, sensitive
View OriginalReply0
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