Get the latest tech news
ServiceNow’s acquisition of Moveworks is reportedly being reviewed over antitrust concerns
The probe into the acquisition, which was announced in March, began in June according to sources familiar with the matter.
ServiceNow’s acquisition of enterprise AI startup Moveworks is reportedly drawing regulatory scrutiny. The acquisition is currently under review for antitrust by the U.S. Justice Department, according to Bloomberg, which cited sources familiar with the matter. The probe began in June, Bloomberg reported, and both companies have since received a “second request” calling for additional information that has to be provided before the deal can move forward.
Or read this on TechCrunch