ServiceNow Buys AI Startup Moveworks for $2.85B

ServiceNow to buy Moveworks for $2.85B to grow its AI portfolio
ServiceNow said on Monday that it has agreed to acquire Moveworks, which develops enterprise-focused automation and AI tools. ServiceNow will pay $2.85 billion for Moveworks in a mix of cash and stock. The former expects the deal to close in the second half of 2025. Bloomberg reported the deal late on Sunday night.
ServiceNow Buys AI Startup Moveworks for $2.85B: What It Means for Markets
ServiceNow expands its AI capabilities with the acquisition of Moveworks, adding 500 employees and enhancing enterprise-wide AI adoption for major companies.
2 Reasons To Buy ServiceNow Stock After Its $2.9 Billion Moveworks Deal
Two factors that could contribute to stronger results are: an unexpected boost in ServiceNow’s agentic AI revenues and a weaker dollar tamping FX headwinds.
ServiceNow to Buy AI Startup Moveworks for Nearly $3 Billion
ServiceNow Inc. has agreed to buy artificial intelligence firm Moveworks for $2.85 billion as part of its push into AI tools that can complete tasks without human supervision.
ServiceNow’s (NOW) $2.85B Moveworks Deal Sparks Mixed Analyst Reactions
Software company ServiceNow (NOW) announced its largest acquisition to date, agreeing to purchase AI startup Moveworks for $2.85 billion in a
ServiceNow adds AI muscle with record $2.9 billion Moveworks deal
ServiceNow said on Monday it would buy AI firm Moveworks for $2.85 billion in cash and stock, marking the software maker's largest-ever acquisition when enterprises are spending heavily on the technology to enhance their IT operations.
ServiceNow to pay $2.85B for Moveworks’ AI tools
The acquisition will bring advanced, agentic AI-powered self-service and enterprise search technologies to customers.
ServiceNow to acquire agentic AI platform Moveworks in $2.9B deal
ServiceNow will pay $2.85 billion for Moveworks, payable in a combination of cash and stock. The arrangement is expected to close during the second half of 2025 subject to regulatory approval and other conditions. After a 2021 $200 million funding round co-led by Tiger Global and Alkeon Capital, Moveworks was valued at $2.1 billion.
ServiceNow to acquire Moveworks for $2.85B, Rocket buying Redfin
Madison Mills and Brad Smith break down some of Monday's stocks in focus on Morning Brief. ServiceNow (NOW) signed an agreement to acquire Moveworks, an artificial intelligence (AI) assistant company,
ServiceNow signs $2.85bn deal to acquire Moveworks
ServiceNow also expects the integration of Moveworks' capabilities to expedite the delivery of AI-powered solutions and enhance customer interactions. Moveworks co‑founder and C
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ServiceNow to acquire Moveworks to strengthen agentic AI and enterprise search
The deal strengthens ServiceNow’s challenge to Salesforce, but success depends on smooth integration and maximizing Moveworks ...
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ServiceNow CFO: Moveworks Buy 'Extends Our Leadership In Agentic AI’
ServiceNow’s planned acquisition of Moveworks will bring an agentic AI frontend and search capability to the ServiceNow Now ...
Why ServiceNow Stock Is Soaring Today
Shares of ServiceNow Inc. ( NOW 4.08%) are surging on Tuesday. The company's stock gained 4.5% as of 2:50 p.m. ET and was up ...
ServiceNow price target lowered to $1,100 from $1,210 at Mizuho
Mizuho lowered the firm’s price target on ServiceNow (NOW) to $1,100 from $1,210 and keeps an Outperform rating on the shares after the company ...
ServiceNow to buy AI firm Moveworks for $2.9 billion to tap new customers
The cash and stock deal for privately-owned Moveworks comes as enterprises are increasingly adopting AI and investing in ...
ServiceNow Stock Is Sliding Monday: What's Going On?
ServiceNow Inc (NYSE:NOW) shares are trading lower. The company on Monday announced a deal to acquire Moveworks.
ServiceNow’s takeover of Moveworks ‘clearly an acquihire,’ says BofA
BofA analyst Brad Sills reiterated a Buy rating and $1,280 price target on ServiceNow (NOW) after the company agreed to acquire Moveworks for ...