ServiceNow to buy Moveworks for $2.9B - Breaking The News

ServiceNow to buy Moveworks for $2.9B

10 March

1 min read

UNSPLASH/SCOTT GRAHAM

Cloud services company ServiceNow Inc. announced on Monday that it is buying artificial intelligence firm Moveworks for $2.9 billion in a combination of cash and stock. "The acquisition will combine ServiceNow’s agentic AI and automation strengths with Moveworks’ front‑end AI assistant and enterprise search technology to unlock new experiences for every employee for every corner of the business," ServiceNow said.

The transaction is expected to be completed in the second half of 2025. Following the announcement, ServiceNow's shares dropped 6.01% at 11:33 am ET.

mergers and acquisitions artificial intelligence servicenow

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