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

ServiceNow's planned acquisition of the enterprise AI startup Moveworks is facing increased regulatory scrutiny. Reports indicate that the U.S. Justice Department is currently conducting an antitrust review of the deal, as outlined by Bloomberg, which cited knowledgeable sources. The investigation reportedly commenced in June, leading to both companies receiving a 'second request' for further information that must be submitted before the acquisition can proceed. ServiceNow announced its intention to acquire Moveworks for an impressive $2.85 billion back in March, projecting that the transaction would finalize in the latter half of 2025. Moveworks has opted not to provide comments on the ongoing situation. Meanwhile, TechCrunch has reached out to ServiceNow for clarifications and will provide updates should the company respond.