ServiceNow's Purchase of Moveworks Under Scrutiny for Possible Antitrust Violations
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Tech giant ServiceNow's acquisition of Moveworks is facing intense scrutiny amidst allegations of potential antitrust violations. The deal, which aimed to enhance ServiceNow's AI capabilities, has raised concerns about market competition and fair business practices. Regulatory bodies are closely examining the transaction to ensure compliance with antitrust laws. The move underscores the growing focus on preventing monopolistic behavior in the tech industry. ServiceNow and Moveworks have yet to respond to the allegations, awaiting the outcome of the antitrust review.
