Berkshire Hathaway, under CEO Greg Abel, bought $600 million of the Bending Spoons IPO in July, when the Milan-based company raised $1.68 billion at a valuation of about $18 billion, and later added $330 million in a private placement for a 4% stake. The article links Bending Spoons' model of acquiring, overhauling and holding software businesses to Berkshire's long-term approach, citing an operating margin that rose to 34% from 32% and cash from operations that nearly tripled to $254 million last quarter. It flags $4.09 billion in net debt, 2.4 times adjusted EBITDA, as a risk as the cost of capital rises. Bending Spoons aims for an internal rate of return of 65% levered and 25% unlevered, and management says it has identified more than 1,000 potential acquisition targets.
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Berkshire HathawayIPOmergers and acquisitionssoftware
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| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/16/2026 | 214.14 |
| Change that session | -1.42% |
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