According to a recent SEC filing, Berkshire Hathaway is investing $330 million in Bending Spoons (BSP), following a $600 million investment made during the company's IPO. The deal is a private placement of 10 million newly issued shares at $33 each, lifting Berkshire's stake to roughly 4%. The article compares Bending Spoons' model of acquiring businesses, improving operations and reinvesting profits with Buffett's investment philosophy, and lists its portfolio as AOL, Evernote, Vimeo, Eventbrite and Airtable. The stock opened at $31 on its first day of trading, climbed to $58 by mid-summer and fell back to about $37 before jumping 44% in one day after the investment, trading in the mid-$50 range. The article also stresses that the company has never sold a material business.
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