ServiceNow's acquisition of Moveworks for $2.85 billion is facing antitrust scrutiny from the U.S. Justice Department. The investigation began in June and has resulted in a 'second request' for additional information from both companies. This review must be completed before the acquisition can proceed. ServiceNow had announced its intention to close the deal in the second half of 2025. Moveworks has chosen not to comment on the regulatory matters regarding the acquisition.
ServiceNow's acquisition of Moveworks for $2.85 billion is currently under regulatory review for antitrust issues by the U.S. Justice Department.
The regulatory probe began in June and has led to a 'second request' for additional information from both ServiceNow and Moveworks.
ServiceNow predicted that the acquisition deal would close in the second half of 2025.
Moveworks has declined to comment on the ongoing regulatory scrutiny surrounding its acquisition by ServiceNow.
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