Berkshire Hathaway Builds 4% Stake in Bending Spoons — Update
By Colin Kellaher
Shares of Bending Spoons took flight Wednesday on news that Berkshire Hathaway has built a 4% stake in the serial acquirer of digital-subscription and software companies.
Bending Spoons said Berkshire has made a fresh investment of $330 million in the Milan-based company after plowing $600 million into its initial public offering in July.
Bending Spoons shares shot up 44% to $54.45 in early trading Wednesday even though Berkshire's latest investment came at a steep discount.
The company said it is selling 10 million shares at $33 apiece to Berkshire in a private placement, nearly 13% below Tuesday's closing price of $37.86.
Bending Spoons, which has spent the past few years rolling up fading tech companies like AOL, Evernote and Vimeo, said it plans to use the fresh funds from Berkshire to pursue additional acquisitions.
Greg Abel, who took the helm at Berkshire Hathaway at the start of the year from legendary investor Warren Buffett, has been reshaping the Omaha, Neb., conglomerate's massive investment portfolio, most notable through the addition of $17 billion worth of shares in Google parent Alphabet in the second quarter.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
October 14, 2026 10:22 ET (14:22 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
5 Stocks to Sell for Tax-Loss Harvesting
The Smartest Moves for Bond Investors Today, and What to Do When You Have Too Many Investments
33 Undervalued Stocks to Buy Before the Market Shifts Again
Undervalued by 15%, This Utilities Stock Could Be an Unexpected AI Winner
United States