Netherlands blocks US acquisition of DigiD cloud provider Solvinity (thenextweb.com)

• Netherlands blocks Kyndryl's €100M acquisition of Solvinity, host of DigiD.
• First US acquisition prohibited by Dutch Investment Screening Bureau.
• Block motivated by CLOUD Act and risk to public interest.

"The Dutch government prohibited US company Kyndryl from acquiring Solvinity, the cloud provider that hosts DigiD, the national digital identity system. The €100 million deal was blocked due to national security concerns related to the US CLOUD Act, which could give US authorities access to data held by US-owned companies globally."