ServiceNow’s acquisition of enterprise AI startup Moveworks is reportedly drawing regulatory scrutiny.
The acquisition is at present beneath take into accounts for antitrust by the U.S. Justice Division, according to Bloomberg, which cited sources conversant contained contained all by the matter. The probe started in June, Bloomberg reported, and each companies have since obtained a “second request” calling for added knowledge that needs to be outfitted earlier to the deal can swap ahead.
ServiceNow announced it was acquiring Moveworks for $2.85 billion in March. On the time, ServiceNow predicted the deal would shut contained contained all by the second half of 2025.
Moveworks declined to remark. TechCrunch has reached out to ServiceNow for added knowledge and will commerce the article if the corporate responds.
