ServiceNow’s acquisition of enterprise AI startup Moveworks is reportedly drawing regulatory scrutiny.
The acquisition is at present beneath evaluate 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 corporations have since acquired a “second request” calling for added info that must be offered 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. TechCrunch has reached out to ServiceNow for extra info and can replace the article if the corporate responds.
