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ServiceNowβs acquisition of enterprise AI startup Moveworks is reportedly drawing regulatory scrutiny.
The acquisition is at the moment beneath overview for antitrust by the U.S. Justice Division, in accordance with Bloomberg, which cited sources accustomed to the matter. The probe started in June, Bloomberg reported, and each firms have since obtained a βsecond requestβ calling for extra info that needs to be supplied earlier than the deal can transfer ahead.
ServiceNow introduced it was buying Moveworks for $2.85 billion in March. On the time, ServiceNow predicted the deal would shut within the second half of 2025.
Moveworks declined to remark. Trendster has reached out to ServiceNow for extra info and can replace the article if the corporate responds.
