Berkshire Hathaway is set to invest $330 million in Bending Spoons, adding to its previous $600 million. Warren Buffett's storied conglomerate is poised to hold a 4% stake in the owner of AOL and Vimeo.
Berkshire Hathaway shares are at their highest level since Warren Buffett told shareholders at the May 2025 annual meeting he planned to step down as CEO at the end of that year.
Italy's Bending Spoons has emerged as a major player in tech M&A, and is now moving aggressively to snap up out-of-favor software names. The holding company's stock price shot up this week after Berkshire Hathaway bolstered its investment, putting in more than $300 million.
Berkshire Hathaway has given Bending Spoons (BSP) a powerful endorsement, agreeing on Oct. 14 to invest another $330 million after committing $600 million at its July initial public offering. The company says this investment brings Berkshire's ownership to 4%.
Bending Spoons shares (BSP) surged on Wednesday after Berkshire Hathaway invested another $330 million in the Italian technology company, bringing its total investment to $930 million and increasing its stake to approximately 4%. The stock climbed 42% during Wednesday's trading.
The company that Warren Buffett guided for years didn't stick with its tried-and-true investment strategy of purchasing value stocks. Bending Spoons is a pricey growth equity.
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