TaskUs delays shareholder vote on take-private deal

(Reuters) -TaskUs on Wednesday postponed a shareholder meeting to vote on a take-private offer from investment firm Blackstone and the company’s co-founders, stating that the delay would allow more time to solicit shareholder support for the deal.

The outsourcing company, headquartered in Texas, provides online services such as content moderation to customers in industries including e-commerce, food delivery, streaming media and healthcare.

The meeting, originally scheduled for September 10, has been rescheduled to October 8, 2025.

The all-cash transaction, announced in May, values the company at $16.50 per share.

However, last month, Institutional Shareholder Services (ISS) recommended that investors reject the proposal, noting opposition from major shareholders Murchinson and Think Investments, who argue the offer undervalues the company.

Shares of TaskUs closed at $18.03 on Wednesday.

ISS recommendations on mergers, proxy fights and other transactions are closely watched and often influence investor voting decisions.

(Reporting by Aishwarya Jain in Bengaluru; Editing by Mohammed Safi Shamsi)