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Investing — Business

Berkshire Hathaway Raises Stake In Nasdaq-Listed Bending Spoons To 4%

Under the agreement, the Italian technology company will issue 10 million ordinary shares to Berkshire at $33 each.

,   and  TIPP Staff
2 min read
Pic via X

Shares of Bending Spoons surged 35% after a securities filing revealed a fresh $330 million investment from Berkshire Hathaway.

Under the agreement, the Italian technology company will issue 10 million ordinary shares to Berkshire at $33 each. The investment follows a $600 million commitment in July, when Bending Spoons began trading on the Nasdaq.

According to the filing, Berkshire’s latest purchase increases its ownership stake in the company to 4%.

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Bending Spoons co-founder Francesco Patarnello said the investment would strengthen its financial flexibility and support future acquisitions. The company, known for acquiring businesses, said its merger and acquisition pipeline remained strong.

The investment marks another major decision by Berkshire under CEO Greg Abel, who took over from founder Warren Buffett at the start of the year.

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