Berkshire deepens Bending Spoons bet with $330 million, sparking share rally
Berkshire Hathaway invested $330 million in Milan-based software operator Bending Spoons, purchasing 10 million newly issued ordinary shares at $33 each via private placement. This latest move follows a $600 million investment during the company's July IPO, bringing Berkshire's total commitment to nearly $1 billion. The announcement triggered a significant share rally, with reports of price increases ranging from 34% to 41%. Berkshire now holds a 4% stake in the company, which owns internet brands including Vimeo and AOL.
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- ✓ Berkshire Hathaway invested $330 million in Bending Spoons.
- ✓ Berkshire previously invested $600 million during the company's July IPO.
- ✓ The latest investment consists of 10 million newly issued ordinary shares priced at $33 each.
- ✓ Berkshire Hathaway now holds a 4% stake in Bending Spoons.
What changed
Berkshire Hathaway expanded its position in Bending Spoons through a $330 million private placement of 10 million shares.
Live updates
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Berkshire Hathaway Increases Bending Spoons Stake With $330 Million Investment
Berkshire Hathaway invested $330 million in Milan-based software operator Bending Spoons, purchasing 10 million newly issued ordinary shares at $33 each via private placement. This latest move follows a $600 million investment during the company's July IPO, bringing Berkshire's total commitment to nearly $1 billion. The announcement triggered a significant share rally, with reports of price increases ranging from 34% to 41%. Berkshire now holds a 4% stake in the company, which owns internet brands including Vimeo and AOL.
Why it matters
Bending Spoons debuted on the Nasdaq in July as an Italian holding company. The firm uses its capital to acquire various SaaS companies. Berkshire's continued backing serves as a high-profile endorsement that traders closely monitor.
What is confirmed
- Berkshire Hathaway invested $330 million in Bending Spoons.
- Berkshire previously invested $600 million during the company's July IPO.
- The latest investment consists of 10 million newly issued ordinary shares priced at $33 each.
- Berkshire Hathaway now holds a 4% stake in Bending Spoons.
- Bending Spoons is a Milan-based software operator that owns Vimeo and AOL.
- The company debuted on the Nasdaq in July.
Still unconfirmed
- Bending Spoons shares surged 41% following the investment news.
- Bending Spoons shares surged 34% or 35% following the investment news.
What to watch next
- Further acquisitions of SaaS companies by Bending Spoons using Berkshire support
- Regulatory filings confirming the final percentage of Berkshire's ownership stake
confidence 95%Sources used for this update (12)
- CNBC — Bending Spoons skyrockets 35% as Berkshire Hathaway makes $330 million investment
- WSJ — Berkshire Hathaway Builds 4% Stake in Bending Spoons
- Bloomberg.com — Berkshire Invests Another $330 Million in Bending Spoons
- Reuters — Berkshire deepens Bending Spoons bet with $330 million, sparking share rally
- Yahoo Finance — Warren Buffett's Berkshire Hathaway Just Bet Nearly $1 Billion on This IPO Stock (Hint: It's Not SpaceX)
- www.marketscreener.com — Global Stocks Fall on Higher Oil Prices, AI Pullback | MarketScreener
- finance.yahoo.com — Warren Buffett's Berkshire invests $330M in Bending Spoons
- dailyhodl.com — Berkshire Hathaway Pours Another $330,000,000 Into Software Company As Shares Surge 41%
- www.kucoin.com — Bending Spoons Acquires SaaS Companies with Berkshire Support
- telecom.economictimes.indiatimes.com — Berkshire deepens Bending Spoons bet with $330 million ...
- kfgo.com — Berkshire deepens Bending Spoons bet with $330 million ...
- www.cnbc.com — Berkshire Hathaway makes $330 million investment in Bending ...
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