ServiceNow Buys AI Startup Moveworks for $2.85B

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.
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 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.
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’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 signs $2.85bn deal to acquire Moveworks
ServiceNow, an AI platform for business transformation, has agreed to acquire AI assistant and enterprise search technology company Moveworks in a deal valued at $2.85bn. The deal is expected to ...
ServiceNow Stock Rebounds After Analysts Give Thumbs Up To $2.85B Moveworks Deal: Retail’s Excited
ServiceNow, Inc. (NOW) shares rose sharply after analysts cheered the company’s agreement to acquire Mountain View, California-based agentic artificial intelligence (AI) assistant provider Moveworks for $2.
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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 ...
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ServiceNow to acquire Moveworks to strengthen agentic AI and enterprise search
ServiceNow has announced plans to acquire AI firm Moveworks in a $2.85 billion deal, highlighting the growing enterprise shift toward AI-driven automation to enhance IT operations and service mana ...
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 ...
Why ServiceNow Stock Tumbled by Almost 8% Today
Many stocks declined during the market's rout on Monday, but business software company ServiceNow ( NOW -7.85%) lost more ...
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 ...
ServiceNow's $2.85B AI Power Play: The Deal That Could Shake Up Enterprise Automation
ServiceNow is making a bold AI power move with its $2.85 billion acquisition of Moveworks, a deal designed to supercharge ...