ServiceNow Moveworks Acquisition Under Antitrust Review

ServiceNow-Moveworks Deal Faces Antitrust Review

Reports indicate that the U.S. Justice Department is currently examining ServiceNow’s purchase of the enterprise AI company, Moveworks, for potential antitrust concerns.

According to sources cited by Bloomberg, the investigation commenced in June. Both organizations have now received a “second request” from the Justice Department.

This request necessitates the submission of further documentation before the acquisition can proceed.

Details of the Acquisition

ServiceNow initially announced its intent to acquire Moveworks in March, with a valuation of $2.85 billion. The initial projection estimated the deal’s completion within the latter portion of 2025.

The acquisition aims to integrate Moveworks’ AI capabilities into ServiceNow’s platform.

Company Responses

Moveworks has not issued a public statement regarding the regulatory review. A request for comment was directed to ServiceNow.

TechCrunch has contacted ServiceNow seeking additional details and will provide updates as information becomes available.

Implications of the Review

• The antitrust review could potentially delay the closing of the acquisition.
• Further investigation may lead to modifications of the deal’s terms.
• The Justice Department’s scrutiny highlights the increasing regulatory attention on large technology mergers.

The outcome of this review will be closely watched by industry observers, as it may set a precedent for future tech acquisitions.