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Berkshire Hathaway Boosts Bending Spoons Stake to 4%

By Drooid · Oct 14, 2026, 6:19 PM UTC · How we work

Summary

Berkshire Hathaway Invests

Berkshire Hathaway invested $330 million in Bending Spoons, raising its stake to 4%.
The investment caused Bending Spoons shares to jump roughly 35% after the filing.
Bending Spoons will issue 10 million ordinary shares at $33 each in a private placement.
Berkshire previously invested $600 million during Bending Spoons’ July 2026 Nasdaq IPO.
Bending Spoons stock traded at $53.39 at 11:30 a.m. EDT on the announcement day.

Summary

Bending Spoons Secures Capital

Bending Spoons co-founder Francesco Patarnello said new capital will boost its acquisition pipeline.
Its portfolio now includes AOL, Vimeo, Evernote, WeTransfer, Everbrite and Airtable.
Bending Spoons generated $453 million free cash flow in the last 12 months, 80% above net income.
Analysts say the stock trades above 16 times trailing sales and over 130 times earnings after the rally.
Greg Abel’s early-year appointment as Berkshire CEO aligns with a shift toward high-tech investments.

History

Historical Context

Berkshire’s first sizable technology bet came in early 2011 when it bought a stake in IBM, later exiting in 2018 after the shares underperformed. The loss pushed Buffett’s team, now led by Greg Abel (CEO from 2026), to favor cash-rich platforms, prompting a $330 million investment in Italian software firm Bending Spoons. This marks a deliberate shift from earlier reluctance toward high-growth digital assets.

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Berkshire Hathaway Invests

Berkshire Hathaway invested $330 million in Bending Spoons, raising its stake to 4%.
The investment caused Bending Spoons shares to jump roughly 35% after the filing.
Bending Spoons will issue 10 million ordinary shares at $33 each in a private placement.
Berkshire previously invested $600 million during Bending Spoons’ July 2026 Nasdaq IPO.
Bending Spoons stock traded at $53.39 at 11:30 a.m. EDT on the announcement day.

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