Published • loading... • Updated
Dutch Government Blocks Sale of DigiD Owner to US Tech Giant - DutchNews.nl
- On Tuesday, the Dutch government blocked Kyndryl's €100 million takeover of Solvinity, citing public interest concerns after advice from the Investment Screening Bureau.
- Solvinity operates the hosting platform for DigiD, which millions of Dutch citizens use to access tax records, pension information and health insurance data; British private equity firm Vitruvian Partners agreed to sell the company to Kyndryl in a deal announced last November.
- The US Cloud Act permits American authorities to compel US-owned companies to hand over data stored on European servers, raising concerns critics warned could expose sensitive Dutch citizen information to legal demands.
- Kyndryl said it was "extremely disappointed" with the decision, claiming it was politicized, while Solvinity indicated it remained in discussions with authorities over "national security, digital sovereignty and the protection of critical Dutch infrastructure."
- This marks the first time since 2020 that the Dutch Investment Screening Bureau has blocked a US acquisition, reflecting broader European efforts to retain domestic control over critical cloud and digital infrastructure.
Insights by Ground AI
38 Articles
38 Articles
The Netherlands just blocked a US company from buying the app Dutch citizens use for everything
As far as technology is concerned, US and Europe are growing apart at an accelerated rate. EU authorities are working to build their own digital sovereignty, while member states are now actively pushing foreign buyers away when it comes to local service providers.Read Entire Article
The cabinet's decision to block the American takeover of Solvinity, the cloud company behind DigiD, falls into the category of: better late than never, writes Saskia van Westhreenen in this commentary.
·Amersfoort, Netherlands (Kingdom of the)
Read Full Article
Coverage Details
Total News Sources38
Leaning Left4Leaning Right7Center6Last UpdatedBias Distribution41% Right
Bias Distribution
- 41% of the sources lean Right
41% Right
L 24%
C 35%
R 41%
Factuality
To view factuality data please Upgrade to Premium
