Trending Now - Netherlands Halts US Firm's Acquisition Over Public Safety Concerns

WHO:

TechCrunch - The Dutch government is involved in blocking the acquisition.

Techmeme - Kyndryl is the US-based company attempting the acquisition, and Solvinity is the authentication IT supplier being acquired.

WHAT:

TechCrunch - The Dutch government has blocked the acquisition of a cloud company that hosts the Dutch digital ID service.

Techmeme - The acquisition of Solvinity by Kyndryl has been blocked due to "a possible risk to the public interest."

WHERE:

Techmeme - The event is taking place in the Netherlands, specifically involving a key online identification IT supplier.

WHY:

Techmeme - The Dutch government cited "a possible risk to the public interest" as the reason for blocking the acquisition.

HOW:

TechCrunch - The action taken by the Dutch government is part of a broader trend in Europe to reduce reliance on U.S. technology.

(UPDATED May 26, 2026 16:19 UTC)

The Dutch government has blocked the acquisition of Solvinity, a key online identification IT supplier, by the US-based company Kyndryl, citing "a possible risk to the public interest." This decision is part of a broader trend in Europe aimed at reducing reliance on U.S. technology. The acquisition would have impacted the cloud company that hosts the Dutch digital ID service, highlighting the government's focus on safeguarding national interests.