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Market Chatter: Kyndryl's $115 Million Acquisition Threatened by EU-Trump Rift

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The Dutch government on May 26 blocked Kyndryl Holdings' (KD) $115 million acquisition of Dutch tech company Solvinity, stating that US officials could "force" Kyndryl to share sensitive data the Dutch firm processed for government services, The New York Times reported Tuesday, citing a confidential ruling it reviewed.

It was the first known instance of the Netherlands blocking an acquisition by a US tech company, according to the report. The sought-after acquisition came as relations between the Trump administration and Europe grew tense over issues such as tariffs and Greenland, according to the report.

Kyndryl didn't immediately reply to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $11.38, Change: $-0.19, Percent Change: -1.60%

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