3 days ago
ServiceNow's Moveworks Takeover Gets In-Depth Antitrust Review
ServiceNow Inc. 's $2.85 billion planned acquisition of artificial intelligence firm Moveworks Inc. is facing an in-depth antitrust review by the US Justice Department.
The companies have received a so-called second request, which means the government is seeking additional information on the proposed takeover, according to people familiar with the matter who asked not to be identified because the matter isn't public. The firms will have to respond to the request from antitrust officials before the deal could move forward.
