Murchinson challenges TaskUs buyout price, citing undervaluation and flawed process
ONTARIO, CANADA — Murchinson Ltd., a Toronto-based alternative asset management firm, has publicly opposed the proposed take-private transaction of TaskUs, Inc., a digital customer experience outsourcing company.
Murchinson asserts that the buyout price of $16.50 per share offered by the controlling stockholders, including Blackstone Inc. and TaskUs co-founders Bryce Maddock and Jaspar Weir, undervalues the company and reflects a flawed sale process.
Concerns over valuation and transaction process
In an open letter dated August 12, 2025, Murchinson highlighted that the $16.50 offer undervalues TaskUs’ strong growth prospects, recommending a fair share price of at least $19.00.
TaskUs, known for partnering with clients like Meta, DoorDash, Uber, Coinbase, and Netflix, has experienced accelerating revenue growth, particularly in its AI Operations segment, which saw a 72.2% year-over-year increase in Q2 2025.
Despite this, Murchinson criticizes the buyout as a “transaction that rewards controlling stockholders at the expense of minority stockholders.”
Murchinson also alleges that the deal negotiations excluded potential alternative buyers, limiting competition and suppressing the share price.
The firm questions the fairness opinion prepared by Evercore, citing potential conflicts of interest given that company management, part of the Buyer Group, provided key information.
Moreover, Murchinson points to timing concerns, noting the buyout announcement preceded favorable earnings results that could have raised TaskUs’ valuation.
About TaskUs and Murchinson
TaskUs operates globally as an outsourcing partner, specializing in online content moderation, digital customer experience, AI services, and compliance with increasing regulatory standards on safety and privacy.
The company generates free cash flow, projected between $75 million and $120 million in 2025, and reported 23.6% revenue growth in Q2, underscoring its rapid expansion. It ranked #19 in the OA500 2025, an objective index of the world’s top 500 outsourcing companies.
Murchinson Ltd., established in 2012 and based in Toronto, Canada, manages alternative assets on behalf of institutional investors, family offices, and qualified clients worldwide. The firm employs a multi-strategy approach across corporate actions, distressed investing, private equity, and structured finance to seek attractive returns while managing risk.
Murchinson has committed to voting against the proposed transaction at the upcoming special meeting of TaskUs stockholders scheduled for September 10, 2025. The firm urges minority stockholders to oppose the buyout to ensure fair value is realized in any sale of the company.
