ServiceNow (NOW) said Monday it has signed a definitive agreement to acquire Moveworks for $2.85 billion.
"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 in a press release.
The $2.85 billion deal, which is expected to close in the second half of the year, is subject to customary purchase price adjustments and is payable in a combination of cash and stock, ServiceNow said.
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