Comment by wtarreau

No, it needs first to encourage local investment. Companies who seek investors or who get sold do not do it by pleasure, but as a last resort before dying. And in the EU you don't get any offer to save a company that has a limited commercial activity. Many companies die every day by lack of money. It turns our that US etc are willing to take much more risk and invest sufficient money to transform such fragile companies into durable ones. And in the case of software it's great, because software is sold all over the world, and the income serves to hire more local people, so in the end it's a way to really develop EU sales to the rest of the world. It would clearly be better if the investors were EU-based, but at least it's better than nothing that some investors are willing to risk their money on such companies.