News about Bending Spoons

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.

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.