Europe Data Sovereignty Push Halts Kyndryl’s Solvinity Acquisition

A major IT acquisition has been halted due to regulatory concerns. Kyndryl's planned deal to acquire Solvinity has been iced. The blockage is attributed to Europe's push for data sovereignty. CRN reports that this decision casts doubt on future acquisitions. Specifically, it impacts potential purchases of European IT firms. The move highlights the increasing regulatory scrutiny in the region. Companies outside Europe may face hurdles in acquiring local assets. The incident underscores the priority placed on local data control.