TaskUs shareholders reject co-founders' plan to take the company private [Yahoo! Finance]
TaskUs, Inc. - Class A (TASK)
Company Research
Source: Yahoo! Finance
New Braunfels-based TaskUs Inc. has abandoned plans to take the company private after shareholders rejected the proposal. The provider of digital services and customer support told regulators Thursday it terminated the deal that would have given control to its cofounders and an affiliate of the Blackstone investment group. Wednesday's shareholder vote ended the controversial plan by co-founders Bryce Maddock and Jaspar Weir, respectively TaskUs' CEO and president, who had floated the idea in May. Along with the Blackstone affiliate, they planned to buy all the company's Class A stock at $16.50 a share in an all-cash transaction valued at $1.5 billion. RELATED: New Braunfels-based TaskUs being taken private by co-founders, Blackstone At the time, Maddock said the rise of artificial intelligence was driving the change but the plan quickly drew criticism from some of TaskUs' major investors and law firms that said it undervalued the company. Bryce Maddock is co-founder and CEO
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News
- A Look at TaskUs (TASK) Valuation as Investors Eye Potential Recovery [Yahoo! Finance]Yahoo! Finance
- 5 Insightful Analyst Questions From TaskUs's Q3 Earnings Call [Yahoo! Finance]Yahoo! Finance
- TaskUs (NASDAQ:TASK) was upgraded by analysts at The Goldman Sachs Group, Inc. to a "strong sell" rating.MarketBeat
- TaskUs (NASDAQ:TASK) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating.MarketBeat
- TaskUs Q3 Earnings Beat Estimates, Revenues Up Year Over Year [Yahoo! Finance]Yahoo! Finance
TASK
Earnings
- 11/7/25 - Beat
TASK
Sec Filings
- 12/1/25 - Form SC
- 11/25/25 - Form 4
- 11/14/25 - Form SCHEDULE
- TASK's page on the SEC website