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Why TaskUs Stock Soared on Friday

TheMotleyFool

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Why TaskUs Stock Soared on Friday: https://g.foolcdn.com/editorial/images/817855/big-cash-deal.jpg

Digital services provider TaskUs (NASDAQ: TASK) had a busy day on Friday. The company, which provides customer support and business process operations to other businesses, reported first-quarter earnings in the early morning -- and that wasn't the biggest news of the day. TaskUs is also going private in a deal financed by its co-founders and banking powerhouse Blackstone (NYSE: BX).

The stock had gained 18.2% overnight as of 12:45 p.m. ET, trending higher across the morning session.

Image source: Getty Images.

Source Fool.com

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