TaskUs to Go Private as Co-Founders, Blackstone Affiliate Buy Remaining Shares

Dow Jones

May 09, 2025

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)

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Maddock and Weir will continue to serve in their respective roles. \n\n\n  The digital services and customer experience company's board approved the transaction upon unanimous recommendation from a special committee of independent directors. \n\n\n  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. \n\n\n  The transaction is expected to close in the second half of 2025. \n\n\n \n\n\n  Write to Denny Jacob at denny.jacob@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 09, 2025 08:57 ET (12:57 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}