TaskUs to go private in $1.62Bn deal
TEXAS, UNITED STATES — TaskUs, Inc., a global provider of outsourced digital services and next-generation customer experience, has announced a definitive agreement to be taken private by its co-founders and Blackstone in a $1.62 billion all-cash deal.
Under the terms, TaskUs stockholders will receive $16.50 per share, representing a 26% premium to the company’s 30-day volume-weighted average price (VWAP).
The deal involves the purchase of all outstanding Class A shares not already owned by the buyer group, which includes CEO Bryce Maddock, President Jaspar Weir, and private equity giant Blackstone.
TaskUs leadership to stay the course
Maddock and Weir will remain in their current executive roles following the transaction, which is expected to close in the second half of 2025 pending regulatory and stockholder approvals.
“This strategic transaction will deliver immediate value to stockholders, while enabling TaskUs to make long-term investments to better support both our own business and our clients as we scale and adapt in the AI age,” said Maddock.
The move follows months of deliberations initiated in March 2025, when a special committee of independent directors was formed to evaluate the proposal. The committee unanimously approved the transaction, calling it “in the best interest of TaskUs and our public stockholders.”
Today marks an exciting day as TaskUs prepares to enter a new chapter. TaskUs announced that we have entered into an agreement to be acquired by an affiliate of Blackstone, TaskUs Co-Founder and Chief Executive Officer Bryce Maddock and TaskUs Co-Founder and President Jaspar…
— TaskUs (@TaskUs) May 9, 2025
Pushback on valuation
Despite the premium offered, some analysts suggest the deal undervalues TaskUs by up to 12% relative to consensus targets, raising the possibility of investor lawsuits over fiduciary obligations and fairness of the transaction.
AI-driven transformation ahead
The co-founders cited artificial intelligence as a key catalyst behind the decision to go private.
According to Blackstone’s Amit Dixit, Head of Asia Private Equity, “Our continued commitment to TaskUs, coupled with our deep expertise in technology services, will equip the company with more flexibility and resources to invest in AI capabilities.”
“The era of AI is upon us, and we are focused on addressing the changes it requires of our business – while helping our clients navigate their own transformations,” Maddock added.
Global reach, strong financials
TaskUs employs approximately 59,000 people across 28 sites in 12 countries, including the U.S., Philippines, and India. The company reported $995 million in revenue for 2024 and expects growth of up to 13% in 2025. It ranked #19 in the OA500 2025, an objective index of the world’s top 500 outsourcing companies.
TaskUs serves high-growth industries such as social media, e-commerce, streaming, fintech, and healthcare by providing digital outsourcing, customer support, and trust and safety services via its cloud-based platform.
