Or are we pretending that the Dutch people don't have any money between them to make an offer on this company?
Regarding the specific case, they probably have the money. But they don't need it. Such is the beauty of regulatory power, vested in a democracy.
I want to see if the Dutch will do that or not.
To see the full beauty of regulatory power, you also have to be blind to the long term consequences of decisions.
For example, are the best Dutch entrepreneurs government-aligned to the extent that they will create their startup or business in the Netherlands, knowing that they won't be able to sell shares for their company at full price? If the Dutch were willing to match the American offer, then there would be no long-term issues for them with this blocking action.
The result is that European hi-tech entrepreneurs create their businesses in a friendlier environment, which is usually the USA. And that European entrepreneurs who stay in their homeland have a hard time competing for European talent with pay.
It's easy for a nation state to mandate almost whatever they want when it comes to fixed stuff such as natural resources and agriculture. But when it comes to human talent, they (still) have the option to leave for better pastures. Or just leave business plans on the shelf.
The inverse of that is that this creates a huge market in the EU, where you don't have to be the best in class and the most capitalistic - you can be good enough and still make a good buck serving local clients.
I would say the above as a joke if it wasn't true on how exactly the situation is in parts of Europe, where local IT experts and consultants struggle to deliver 1980s level software solutions to local governments - at prices which would make any US capitalist swoon.
But you are right in what you say, I won't argue against it.
(Again, by way of counterexample, I took a huge paycut to move from the US to Europe, but y'know, my quality of life is better, I live in a much safer, more pleasant place and I don't need to see people living in cardboard boxes from the window of my nice home anymore)
An environment that lets you take European contracts since American companies can't compete for them is very attractive for entrepreneurs, so there is no problem here as long as they are consistent with banning American companies owning European government infrastructure.