ServiceNow’s Acquisition of Moveworks Under Regulatory Review Due to Antitrust Concerns

ServiceNow’s acquisition of Moveworks is reportedly being reviewed over antitrust concerns

ServiceNow announced its acquisition of enterprise AI startup Moveworks for $2.85 billion in March, with the deal expected to close in the second half of 2025. However, it appears that regulatory scrutiny has halted the process. According to Bloomberg, which cited sources familiar with the matter, the U.S. Justice Department is currently reviewing the acquisition over antitrust concerns.

The probe began in June and both companies have received a “second request” from the department, calling for additional information that must be provided before the deal can move forward. ServiceNow’s announcement of the acquisition at the time predicted a closing date in the second half of this year.

Moveworks has declined to comment on the matter. TechCrunch has reached out to ServiceNow for further clarification and will update the article if the company responds.

The potential antitrust concerns surrounding the deal are not entirely surprising, given the competitive landscape of the AI market. Moveworks specializes in developing artificial intelligence-powered solutions designed to streamline operations and improve customer satisfaction, a space where ServiceNow already has a significant presence.

Source: techcrunch.com