News Summary

ServiceNow’s planned $2.85 billion acquisition of enterprise AI startup Moveworks is under an in-depth antitrust review by the U.S. Department of Justice. The review began in June and both companies have received a ‘second request’ for more information before the deal can proceed. This acquisition, announced in March, is aimed to be completed in the second half of 2025. The scrutiny highlights the regulatory concerns over potential anti-competitive impacts in the enterprise AI sector.