AI Startup Moveworks of the Serviceenow acquisition has been reported to draw regulatory control.
US Department of Justice, the acquisition is currently reviewing in competition law, According to Bloombergwho mentioned familiar sources. The test started in June, Bloomberg said, and both companies have since received a “second request” that requires additional information that must be provided before the transaction progresses.
Servicenow announced that it would buy Moveworks for $ 2.85 billion in March. At that time, Servicenow predicted that the transaction would end in the second half of 2025.
Moveworks refused to comment. TechCrunch has reached the Servicenow program for more information and update the article if the company replies.
