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ServiceNow falls after $2.85 billion deal to buy AI firm Moveworks

ReutersMar 10, 2025 1:12 PM

** Software maker ServiceNow's NOW.N shares fall 3% to $826.9 premarket

** NOW to buy AI firm Moveworks for $2.85 billion cash and stock deal, as it looks to accelerate business AI adoption

** Transaction expected to close in the second half of 2025

** Up to last close, NOW stock had fallen ~20% YTD

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