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Berkshire Hathaway adds $330 million to Bending Spoons stake

Berkshire Hathaway expanded its position in Bending Spoons with a $330 million investment, boosting its ownership to 4% and sending the tech group's shares surging.

Stock chart for Bending Spoons SpA showing a sharp intraday price jump of 46.86% to $55.60.
Image: @StockSavvyShay

Berkshire Hathaway has invested an additional $330 million into tech group Bending Spoons, according to the Financial Times. The fresh capital increases Berkshire's holding to a 4% stake in the company.[1][6]

The commitment follows an initial $600 million investment made during Bending Spoons' July initial public offering, bringing Berkshire's total purchase in the firm to $930 million.[1][2][5]

Shares of Bending Spoons rallied sharply on the news. Market reporting and trading updates showed substantial intraday spikes, with CNBC reporting a 35% jump, Barron's recording a 41% surge, and financial market screenshots showing shares up as much as 46.86% to reach $55.60.[1][3][4][5]

Key facts

  • Berkshire Hathaway invested an additional $330 million in tech group Bending Spoons.
  • The transaction lifts Berkshire Hathaway's stake in Bending Spoons to 4%.
  • Berkshire previously invested $600 million during Bending Spoons' July IPO, bringing its total outlay to $930 million.
  • Bending Spoons shares rallied following the news, with reports citing intraday gains between 35% and more than 46%.

Sources · 5 sources

  1. TE

    Techmeme@TechmemePost on X ·

    Berkshire Hathaway invests an additional $330M in Bending Spoons, taking its stake to 4%, after investing $600M during Bending Spoons' July IPO; BSP jumps 40%+ (@_peterwells / Financial Times) (Visit Techmeme dot com for the link and full context!)

    Open source
  2. BA

    Barron's@barronsonlinePost on X ·

    Why Berkshire’s $930 Million Bending Spoons Buy Is Such a Curveball https://t.co/eAXrNTHnbS

    Open source
  3. BA

    Barron's@barronsonlinePost on X ·

    Bending Spoons Stock Surges 41% as Berkshire Hathaway Invests Another $330 Million https://t.co/3y3vny7J7o

    Open source
  4. CN

    CNBC@CNBCPost on X ·

    Bending Spoons skyrockets 35% as Berkshire Hathaway makes $330 million investment https://t.co/5QOKNgtAvs

    Open source
  5. SB

    Shay Boloor@StockSavvyShayPost on X ·

    $BSP up nearly 50% as Berkshire Hathaway doubles down on Bending Spoons with another $330M on top of its original $600M IPO investment. https://t.co/d3olpgDfvt

    Open source
  6. FT

    Financial Times@FTPost on X ·

    Berkshire Hathaway adds $330mn to stake in tech group Bending Spoons https://t.co/Xfr6JImuiS

    Open source