ServiceNow’s acquisition of Moveworks is reportedly being reviewed over antitrust concerns

Enterprise AI Startup Moveds’ acquisition of Serviceeno is allegedly conducting regulatory investigation.

The acquisition is currently reviewing for mistrust by the US Department of Justice, Bloomberg according toWhich cited familiar sources from the case. The investigation began in June, Bloomberg said, and both companies have since received the “second request”, which has been calling for additional information, which is to be provided before the deal proceeded.

Servicenow announces that it is receiving mooworks For $ 2.85 billion in March. At that time, Serviceano predicted that the deal would be closed in the second half of 2025.

Mowworks refused to comment. Techcrunch has reached servicenow for more information and will update the article if the company responds.

Source link

Please follow and like us:
Pin Share

Leave a Reply

Your email address will not be published. Required fields are marked *