TaskUs, Inc. (TASK) entered a merger agreement on May 9, 2025, to be taken private by Blackstone and its co-founders in a deal valued at $1.62 billion.
Under the terms of the agreement, an affiliate of Blackstone and TaskUs Co-Founders, CEO Bryce Maddock and President Jaspar Weir, will acquire all the outstanding shares of Class A common stock they do not already own for $16.50 per share in an all-cash transaction, representing a premium of 14.74% from the stock’s last close.
TaskUs is a digital outsourcing company that provides customer experience, content moderation, and AI services to leading global tech and digital economy companies across sectors like e-commerce, social media, gaming, and fintech.
Blackstone is the world’s largest alternative asset manager, specializing in private equity, real estate, credit, and hedge fund solutions, with over $1.1 trillion in assets under management across global investment strategies.
Maddock and Weir will continue to serve in their roles as Chief Executive Officer and President, respectively, after the deal closes, which is expected in the second half of 2025.
Evercore Group is acting as financial advisor and Cravath, Swaine & Moore as legal counsel to TaskUs. BofA Securities is serving as financial advisor and Simpson Thacher & Bartlett as legal counsel to Blackstone and the co-founders. Latham & Watkins is providing legal counsel to Maddock and Weir.
The acquisition signifies a 1.29 times sales purchase for TaskUs.
For additional information about this merger and acquisition transaction, please visit the Deal Metrics page here:
Deal Metrics for the acquisition of TaskUs, Inc. (TASK) by Blackstone and TaskUs Co-Founders (BX)
The Deal Metrics page includes:
– A history chart of the merger spread from announcement to completion or failure.
– Updates on the merger as it progresses through the HSR period, various regulatory approvals, shareholder votes, etc.
– News and SEC filings.
– A history of deal updates.
– And much more.
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Editor’s Note: Baranjot Kaur contributed to this article