If the EU stepped in to block the acquisition or corporate move, in order to keep their tech homegrown, it would be seen as government overreach and not respecting the free markets.
AFAIK, Spotify doesn't have any presence in SV, but the US part is in NYC, besides the presence in Stockholm (obviously) and the holding company in Luxembourg.
Why are we sacrificing our sovereignty to an abstract ideology?
Who actually needs hyperscalers? Is it a whole company or just a single app of that company which needs hyperscaling along a certain requirement (storage, processing, bandwidth)?
And if you go into a US vs Europe comparison, SAP seems to be scaling fine. And datacenters used by netflix, cloudflare, etc. are all over the place.
The EU's would seem to vibe more with open source than privately-owned hyperscalers. Maybe host it for free for EU persons and companies.