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ServiceNow’s acquisition of Moveworks is reportedly being reviewed over antitrust concerns
ServiceNow has announced in March that it would be acquiring enterprise AI startup Moveworks for $2.85 billion, with the deal expected to close in the second half of 2025. However, according to a report from Bloomberg, the U.S. Justice Department has begun reviewing the acquisition due to antitrust concerns.
The investigation is said to have started in June and has resulted in both companies receiving a “second request” for additional information. This type of request typically indicates that the regulatory agency has significant concerns about the potential impact of the deal on competition, and requires further clarification before the merger can move forward.
At the time of the initial announcement, ServiceNow had predicted that the acquisition would close in the second half of 2025. However, it remains to be seen whether this timeline will still hold given the development.
Moveworks has declined to comment on the matter, while TechCrunch has reached out to ServiceNow for further information and is awaiting a response.
The acquisition would see ServiceNow add Moveworks’ AI-powered employee experience platform to its own offerings.
Source: techcrunch.com
