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ServiceNow’s acquisition of Moveworks is reportedly being reviewed over antitrust concerns
In a recent development, it has been reported that the US Justice Department is currently reviewing ServiceNow’s planned acquisition of enterprise AI startup Moveworks. This move is apparently in response to growing antitrust concerns.
The review, which began in June, has led both companies receiving a “second request” from regulators, requiring them to provide additional information before the deal can proceed further. The initial announcement of the $2.85 billion acquisition was made public back in March, with ServiceNow anticipating the closure by the end of 2025.
Moveworks has declined to comment on this matter. TechCrunch has reached out to ServiceNow for further clarification and will update the article accordingly if a response is received.
Source: techcrunch.com
