Berkshire Hathaway Pours $330M into Bending Spoons, Shares Surge 35%

Berkshire Hathaway has disclosed a fresh $330 million investment in Italy-based serial acquirer Bending Spoons, sending the software company's shares surging 35%. The deal structure has Bending Spoons issuing 10 million new ordinary shares to Berkshire at $33 each. This brings Berkshire's total equity stake in the newly public company to 4%, following its initial $600 million backing during the July Nasdaq IPO. The capital injection arrives as Greg Abel takes the reins from Warren Buffett at Berkshire, signaling continued appetite for European software roll-ups. "Bending Spoons continuously evaluates M&A opportunities, and our pipeline remains strong. We believe Berkshire Hathaway's investment reflects confidence in our team and Platform and will further enhance our financial flexibility and ability to pursue attractive acquisitions as part of our broader financing strategy." — Francesco Patarnello, Co-founder and Head of Business Acquisitions.