Blackstone's TaskUs Acquisition Offer Opposed by Key Stakeholder

TaskUs shareholders, including Think Investments, oppose Blackstone's $16.50 per share buyout offer, citing undervaluation. Analysts forecast a moderate upside, with average price targets higher than the proposal. TaskUs is currently rated a "Hold" by the majority of brokerage firms. The consensus rating is 2.8, indicating a neutral recommendation. GuruFocus estimates a GF Value of $18.81, implying a potential upside of 7.67% from the current market value.

San Francisco, July 02, 2025 — TaskUs Inc. (Nasdaq: TASK) is facing opposition from a significant shareholder, Think Investments, over Blackstone's proposed $16.50 per share buyout offer. Think Investments estimates the fair value of TaskUs to be $25.00 per share, over 50% higher than the current offer, and argues that the transaction process is flawed [1].

Think Investments, with a 10.7% stake in TaskUs, has publicly opposed the transaction, stating that the $16.50 per share buyout price undervalues the company. The investor's analysis of comparable transactions and TaskUs' recent operating outperformance indicates that a fair valuation for TaskUs is $25.00 per share [1]. Additionally, TaskUs has significantly outperformed financial expectations since the announcement of the transaction, further warranting a re-rating [1].

The opposition is detailed in a presentation that highlights the skewed process leading to the proposed transaction. Think Investments believes that the TaskUs Board of Directors' Special Committee failed to undertake a comprehensive process to determine a fair price for the company. The fairness opinion appears to deliberately and exclusively include precedent transactions and public comparables with low valuation multiples [1].

The presentation also underscores the significant value creation potential of TaskUs, particularly in AI services, which constitute the fastest scaling portion of the business with 65.5% YoY growth in H1'25. Think Investments contends that the transaction would prevent minority shareholders from realizing this upside [1].

Proxy advisor Institutional Shareholder Services (ISS) has also recommended rejecting Blackstone's offer, citing no compelling reason to accept the terms. ISS points out that the proposed price does not reflect TaskUs' recent financial performance and growth prospects [2].

Analysts forecast a moderate upside for TaskUs, with average price targets higher than the proposal. TaskUs is currently rated a "Hold" by the majority of brokerage firms, with a consensus rating of 2.8, indicating a neutral recommendation. GuruFocus estimates a GF Value of $18.81, implying a potential upside of 7.67% from the current market value [3].

The shareholder vote is scheduled for September 10. If the offer is rejected, it could force Blackstone to revise its offer or withdraw the proposal altogether.

References:
[1] https://www.marketscreener.com/news/significant-shareholder-think-investments-issues-presentation-detailing-opposition-to-taskus-take-pr-ce7c50d9dc8df127
[2] https://finance.yahoo.com/news/significant-shareholder-think-investments-issues-170000773.html
[3] https://www.ainvest.com/news/investments-opposes-taskus-private-transaction-citing-undervaluation-flawed-process-2508/