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

In a significant development for the enterprise artificial intelligence sector, ServiceNow’s proposed acquisition of AI startup Moveworks is reportedly facing an in-depth antitrust review by the U.S. Justice Department. This scrutiny could potentially delay or alter the highly anticipated $2.85 billion deal, which aims to bolster ServiceNow’s growing AI portfolio.

According to a report from Bloomberg, citing sources familiar with the ongoing matter, the Justice Department initiated its probe into the acquisition in June. Both ServiceNow and Moveworks have since received a “second request” for additional information. This procedural step indicates a deeper level of investigation, requiring the companies to provide extensive documentation and data before the acquisition can proceed towards closure.

ServiceNow, a leading digital workflow company, announced its intent to acquire Moveworks, an enterprise AI platform specializing in conversational AI for IT support, in March. The acquisition, valued at approximately $2.85 billion, was projected by ServiceNow to finalize in the latter half of 2025. The integration of Moveworks’ advanced AI capabilities was expected to significantly enhance ServiceNow’s offerings in intelligent automation and employee experience.

The reported antitrust review underscores the increasing regulatory focus on major technology mergers, particularly those involving innovative AI companies. Authorities are keen on ensuring fair competition within rapidly evolving markets. As of the latest updates, Moveworks has declined to comment on the ongoing review. TechCrunch, which initially reported on the acquisition, has also reached out to ServiceNow for official comments and will update its coverage pending a response.

This development will be closely watched by stakeholders in the AI and enterprise software industries, as it sets a precedent for how regulatory bodies approach significant consolidations in the burgeoning artificial intelligence landscape.