💨 Abstract

ServiceNow, a software company, announced a $2.85 billion acquisition of Moveworks, an AI firm specializing in employee issue resolution. The deal, ServiceNow's largest to date, aims to bolster IT operations spending. Moveworks counts Broadcom, Palo Alto Networks, and Pinterest among its clients. Shares of ServiceNow dipped 2.4% post-announcement.

Courtesy: theprint.in

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