Berkshire Agrees to $330 Million Bending Spoons Investment - FINCHANNEL
The filing lifted Berkshire’s stake to 4% as Bending Spoons shares rose 35.4% on a $330 million purchase.
- On Wednesday, Berkshire Hathaway announced a $330 million investment in Bending Spoons, increasing its stake to 4% in the Milan, Italy-based software company.
- Berkshire previously invested $600 million when Bending Spoons went public in July 2026, supporting the company's strategy to acquire and operate digital products.
- Shares of Bending Spoons shot up Wednesday as the market reacted to the deal; Berkshire secured additional shares at $33 per share, a 13% discount to Tuesday's close.
- Francesco Patarnello, Bending Spoons' co-founder and head of business acquisitions, said the company "continuously evaluates M&A opportunities, and our pipeline remains strong." Bending Spoons reported $453 million in free cash flow over the last 12 months.
- Analysts at Global Market Intelligence project Bending Spoons could grow earnings 55% annually over the next five years, though the stock is currently valued at more than 16 times trailing sales.
20 Articles
20 Articles
Berkshire Hathaway doubles down on Bending Spoons with another $330 million investment, raising its stake to 4% just three months after IPO - Tech Startups
Berkshire Hathaway is putting another $330 million into Bending Spoons, just three months after investing $600 million in the Italian technology company’s July 2026 IPO. The latest deal brings Berkshire’s cumulative investment to $930 million and increases its ownership stake […] The post Berkshire Hathaway doubles down on Bending Spoons with another $330 million investment, raising its stake to 4% just three months after IPO first appeared on T…
Berkshire Hathaway has invested another $330 million in Italian technology company Bending Spoons, bringing the conglomerate's total investment to nearly $1 billion. The news sent the company's stock price up 39 percent, CNBC reported. We'll be covering similar topics at our Portfolio Investment Day conference on October 21. One of the biggest investment events of the year is coming up, where professional experts will tell you what to invest in …
Coverage Details
Bias Distribution
- 42% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
