By Denny Jacob
TaskUs will become a private company as its co-founders and an affiliate of Blackstone will acquire all the outstanding shares they don't already own.
Bryce Maddock, co-founder and chief executive officer, Jaspar Weir, co-founder and president, and the Blackstone affiliate will acquire all outstanding shares for $16.50 each in an all-cash deal. Maddock and Weir will continue to serve in their respective roles.
The digital services and customer experience company's board approved the transaction upon unanimous recommendation from a special committee of independent directors.
Maddock said the change will provide immediate value to shareholders and enable TaskUs to make long-term investments as it scales and adapts to the artificial intelligence age.
The transaction is expected to close in the second half of 2025.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
May 09, 2025 08:57 ET (12:57 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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