US Stock Market Move | Planned $7 billion acquisition of cybersecurity company Armis ServiceNow (NOW.US) leads to a drop of over 10%

On Monday, the stock price of ServiceNow (NOW.US) fell sharply, dropping more than 10% to $774.21 USD as of the press time. On the news front, the company is in deep negotiations to acquire the cybersecurity startup Armis, with the deal potentially valued as high as $7 billion USD, which would be the largest acquisition for ServiceNow since its establishment. According to sources familiar with the matter, the related transaction is expected to be announced in the coming days. However, since the negotiations are still private, there are variables in the deal, and the possibility of the negotiations collapsing or other competing bidders emerging cannot be ruled out.