ServiceNow to Buy AI Startup Moveworks for Nearly $3 Billion (3)

ServiceNow Inc. has agreed to buy artificial intelligence firm Moveworksfor $2.85 billion as part of its push into AI tools that can complete tasks without human supervision.

The acquisition, ServiceNow’s largest yet, was announced in a statement Monday that confirmed an earlier Bloomberg News report. The cash-and-stock deal is expected to close in the second half of 2025, SerivceNow said in the statement.

ServiceNow shares dropped as much as 7.4% trading on Monday. The stock was down 6.8% at 1:12 p.m. in New York, giving the company a market value of about $163 billion.

Created in 2016, Moveworks ...