Live Feeds
● LIVE Updated 1h ago · 10 sources tracked

Bending Spoons skyrockets 35% as Berkshire Hathaway makes $330 million investment

Berkshire Hathaway has agreed to invest another $330 million into Milan-based software operator Bending Spoons through a private placement of 10 million newly issued ordinary shares priced at $33 each. Following the announcement, Bending Spoons shares surged between 35% and nearly 42% on the market. The latest transaction builds on a previous $600 million investment made during the company initial public offering in July. This fresh backing strengthens Berkshire position in the software consolidator, which buys and revives established internet brands and software castoffs. Bending Spoons has been a public company for less than four months on Nasdaq.

🎙️

Listen to Live Briefing

Real-time synthesized voice briefing · Live Feeds Desk

⏱ ~3 min
Speed:
RSS Source map (10)
⚡ Key Developments & Real-Time Context
Text size:
  • ✓ Berkshire Hathaway agreed to invest $330 million in Bending Spoons by purchasing 10 million newly issued ordinary shares at $33 apiece in a private placement.
  • ✓ Bending Spoons shares jumped between 35% and nearly 42% following the investment news.
  • ✓ The latest outlay builds on a $600 million investment made at the Bending Spoons initial public offering in July, bringing Berkshire total bet to nearly $1 billion.
  • ✓ Bending Spoons is a Milan-based software operator and holding company that has been public for less than four months.
🛡️ Source Corroboration: 10 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

Berkshire Hathaway expanded its stake in Bending Spoons by agreeing to a new $330 million private placement.

Live updates

  1. Berkshire Hathaway Invests $330M in Bending Spoons

    Berkshire Hathaway has agreed to invest another $330 million into Milan-based software operator Bending Spoons through a private placement of 10 million newly issued ordinary shares priced at $33 each. Following the announcement, Bending Spoons shares surged between 35% and nearly 42% on the market. The latest transaction builds on a previous $600 million investment made during the company initial public offering in July. This fresh backing strengthens Berkshire position in the software consolidator, which buys and revives established internet brands and software castoffs. Bending Spoons has been a public company for less than four months on Nasdaq.

    Why it matters

    Bending Spoons is an Italian holding company that operates as a software consolidator, taking over established internet brands and software companies. The firm originated from a failed startup and a backpacking trip. Berkshire Hathaway has now committed nearly $1 billion total to the company following its initial public offering earlier this year.

    What is confirmed

    • Berkshire Hathaway agreed to invest $330 million in Bending Spoons by purchasing 10 million newly issued ordinary shares at $33 apiece in a private placement.
    • Bending Spoons shares jumped between 35% and nearly 42% following the investment news.
    • The latest outlay builds on a $600 million investment made at the Bending Spoons initial public offering in July, bringing Berkshire total bet to nearly $1 billion.
    • Bending Spoons is a Milan-based software operator and holding company that has been public for less than four months.

    What to watch next

    • Completion of the private placement share issuance
    • Further acquisitions of SaaS and internet companies by Bending Spoons using Berkshire support
    Sources used for this update (11)
    1. www.cnbc.com — Stock Markets, Business News, Financials, Earnings - CNBC
    2. CNBC — Bending Spoons skyrockets 35% as Berkshire Hathaway makes $330 million investment
    3. WSJ — Berkshire Hathaway Builds 4% Stake in Bending Spoons
    4. Yahoo Finance — Bending Spoons Stocks Jump Nearly 42% Although Berkshire's $33 Entry Discounts Yesterday's Close
    5. Bloomberg.com — Berkshire Invests Another $330 Million in Bending Spoons
    6. The Motley Fool — Warren Buffett's Berkshire Hathaway Just Bet Nearly $1 Billion on This IPO Stock (Hint: It's Not SpaceX)
    7. contents.premium.naver.com — [잠옷입고 경제공부] 세계 무역지도를 바꿀 사건!
    8. finance.yahoo.com — Warren Buffett's Berkshire invests $330M in Bending Spoons
    9. www.cnbc.com — Software’s new consolidator gets big vote of confidence from Berkshire
    10. dailyhodl.com — Berkshire Hathaway Pours Another $330,000,000 Into Software Company As Shares Surge 41%
    11. www.kucoin.com — Bending Spoons Acquires SaaS Companies with Berkshire Support
    confidence 100%
📊

Community Sentiment: How do you assess this situation?

Voice your perspective · Real-time aggregated sentiment from the Live Feeds community