Berkshire Hathaway Adds $330 Million to Its Bending Spoons Bet and the Stock Soars Nearly 40%

Berkshire Hathaway is doubling down on Bending Spoons. The Omaha conglomerate will invest another $330 million in the Italian software company, which buys and rebuilds struggling internet businesses, raising its ownership to 4%. Bending Spoons (Nasdaq: BSP) shares jumped nearly 40% in morning trading.

The deal

The new shares are unregistered and cannot be resold in the United States without registration or an exemption, according to the company's announcement. Bending Spoons said the capital will "further enhance our financial flexibility" and support acquisitions as part of a broader financing strategy. "Bending Spoons continuously evaluates M&A opportunities, and our pipeline remains strong," said Francesco Patarnello, the company's head of business acquisitions and a co-founder.

The stock reaction

Bending Spoons shares traded at $52.92 at 9:50 AM ET, up $15.06, or 39.76%, which implies a Tuesday close of about $37.86. That puts Berkshire's $33 purchase price roughly 13% below Tuesday's close and about 38% below the price at the time of writing, a discount worth noting. Berkshire's price is a negotiated private-placement price, not a market price, and the company has not said why it was set there.

On paper, and assuming Berkshire paid the $29 IPO price for its first $600 million, that earlier stake works out to about 20.7 million shares, worth roughly $1.1 billion at $52.92. Those are our estimates, not company figures, and they move with the share price.

Who is Bending Spoons

Founded in 2013 in Milan, Bending Spoons acquires troubled technology companies, overhauls them, often with AI, and focuses on subscription revenue. Its portfolio includes Eventbrite, Vimeo and AOL, and it has bought more than 50 companies. The stock priced above its range at $29 in its July IPO, selling 58 million shares for about $1.7 billion, of which the company received about $1 billion, according to The Associated Press. Shares rose about 41% on the first day.

The company reported first-quarter 2026 net income of $27.5 million on $601 million in revenue, with more than 500 million monthly active users and about 9 million monthly paying customers. Debt was just under $4.4 billion as of that report. Recent deals include an agreement to buy Miro for $1.355 billion, announced September 10, and the completed purchase of Airtable, which closed September 4, per StockTitan.

Why it matters

Berkshire's backing can be read as a vote of confidence in an acquisition-led model that relies on cheap purchases and quick turnarounds, and it comes as Bending Spoons keeps adding large deals while carrying meaningful debt. Fresh equity gives the company more room to keep buying. The risk is that the stock is already up about 82% from its $29 IPO price, so expectations are high, and the model depends on integrating and monetizing each acquisition.