TaskUs adjourns special meeting on Blackstone acquisition vote

NEW BRAUNFELS, Texas - TaskUs, Inc. (NASDAQ:TASK), a digital services provider with a market capitalization of $1.58 billion and strong revenue growth of 19% over the last twelve months, has adjourned its special meeting of stockholders on Wednesday to solicit additional proxies in favor of the company’s proposed acquisition by an affiliate of Blackstone and TaskUs co-founders. According to InvestingPro data, the company maintains a healthy financial position with a "GOOD" overall health score.

The digital services provider announced that based on preliminary vote assessments, it had not yet obtained the required majority vote from unaffiliated stockholders needed to approve the $16.50 per share all-cash transaction announced on May 9, 2025. The current market price of $17.56 reflects investors’ confidence, trading above the proposed acquisition price.

The special meeting has been rescheduled for September 24, 2025, with the record date remaining August 6, 2025. Previously submitted proxies will remain valid unless properly revoked.

In response to an inquiry from the Special Committee of the TaskUs Board, the buyer group, which includes Blackstone and TaskUs co-founders Bryce Maddock and Jaspar Weir, stated it remains committed to the original terms and declined to revise the offer price.

The Special Committee continues to believe the proposed transaction is in stockholders’ best interest, citing AI’s impact on the company’s business and future prospects as a consideration.

TaskUs provides outsourced digital services and customer experience solutions to technology companies. As of June 30, the company employed approximately 60,400 people across 30 locations in 13 countries. The company’s strong operational efficiency is reflected in its impressive gross profit margin of 41% and healthy current ratio of 2.84. For detailed analysis and additional insights, check out the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with expert analysis and actionable intelligence.

The acquisition would give Blackstone and the co-founders 100% ownership of the outstanding shares they don’t already own. Stockholders seeking assistance with proxy voting can contact the company’s proxy solicitor, Innisfree M&A Incorporated.

This article is based on information contained in a press release statement from TaskUs.

In other recent news, TaskUs Inc. has been at the center of significant developments. The company is preparing for a key merger vote concerning a proposed take-private transaction at $16.50 per share. This proposal, involving Blackstone Inc. and TaskUs co-founders, has sparked debate among stakeholders. Morgan Stanley recently downgraded TaskUs from Overweight to Equalweight, adjusting its price target to $16.50 from $21.00, ahead of this crucial vote. The downgrade reflects the merger’s impact, with Morgan Stanley’s 2026 earnings per share estimate at $1.79. Meanwhile, investment firm Murchinson Ltd. has voiced opposition to the merger, claiming the $16.50 offer undervalues TaskUs. Murchinson argues that TaskUs should be valued at a minimum of $19.00 per share, highlighting the company’s robust financial performance and growth prospects. These developments have stirred discussions among investors regarding the company’s future direction.

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