Bending Spoons shares jumped 35% after a new securities filing showed Berkshire Hathaway made a fresh $330 million investment in the company. The deal follows Berkshire's $600 million investment in July, when the Italy-based firm listed on Nasdaq. Under the agreement, Bending Spoons will issue 10 million ordinary shares to Berkshire at $33 each, lifting Berkshire's stake to 4%. Co-founder Francesco Patarnello said the investment reflects confidence in the team and platform and will boost financial flexibility for acquisitions.
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Bending Spoons, a Milan-based holding company that listed on Nasdaq, is buying older software businesses that have fallen out of favor amid the AI boom. Berkshire Hathaway disclosed a $330 million stake this week, bringing its total investment to over $900 million; the stock jumped 41% before giving back some gains, leaving a market cap of about $30 billion. The company agreed to buy Airtable for about $1.3 billion, almost 90% below its late-2021 peak valuation, and a large portion of Airtable's pre-acquisition team will leave with substantial separation packages. The article links these moves to the 'SaaSpocalypse,' as AI agents displace traditional software-as-a-service products. Unlike private equity firms, Bending Spoons aims to hold and profit from the businesses it buys rather than sell them.
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Greg Abel, now in charge of Berkshire Hathaway, has made a new tech bet on Bending Spoons (BSP), which Berkshire first bought for around $600 million when the company IPO'd at $29 in July. The conglomerate has now added another $330 million through a private placement this month, buying 10 million shares at $33, about a 13% discount to the previous day's price. Bending Spoons is a digital technology holding company that acquires digital-first businesses and uses AI to lift revenue and cut costs; its revenue reached $1.3 billion in 2025, up 95%, and second-quarter 2026 revenue rose 126% to $704.2 million. It bought Airtable for nearly $1.3 billion in September, agreed to buy Miro for nearly $1.4 billion, and relies on significant debt financing. The author would pass on the stock, citing the debt-financed roll-up model, aggressive deal-making and AI disruption risk, especially after the share price jumped on news of Berkshire's investment.
- CoreWeave, HPE, Dell, Bank of America, Morgan Stanley, Bending Spoons, and More Stocks That Explain Today’s Market
- Why Bending Spoons Stock Popped Today
Bending Spoons shares rose 35.4% by 10:35 a.m. ET Wednesday after Berkshire Hathaway announced it would spend $330 million to lift its stake to 4%, buying 10 million shares at $33 each, a 13% discount to Tuesday's close. Berkshire had bought a $600 million stake at the company's July 2026 IPO, and after the jump that position is up 55.5%. The Milan-based maker of M&A software trades at more than 16 times trailing sales and over 130 times earnings, though it generated $453 million in free cash flow over the last 12 months, about 80% more than reported net income. Analysts polled by S&P Global Market Intelligence expect 55% annual earnings growth over five years, but the author believes the easy gains have already been made and better bargains can be found elsewhere.
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