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Berkshire Hathaway has agreed to invest an additional $330 mn in Bending Spoons, increasing its ownership stake in the technology company to 4% as the Milan-based group continues pursuing acquisitions of digital businesses.
The investment follows Berkshire Hathaway’s $600 mn participation in Bending Spoons’ initial public offering in July 2026. Together, the two transactions represent $930 mn in investment commitments from the US conglomerate.
- Berkshire Hathaway has agreed to invest an additional $330 mn in Bending Spoons, increasing its ownership stake to 4% following a $600 mn investment at the company’s July 2026 IPO.
- Bending Spoons will issue 10 mn ordinary shares at $33 per share through a private placement, subject to customary closing conditions.
- The investment will strengthen Bending Spoons’ financial flexibility as it evaluates acquisitions, building on a portfolio that includes Airtable, AOL, Evernote, Eventbrite, Vimeo and WeTransfer.
Under the agreement, Bending Spoons will issue 10 mn ordinary shares to Berkshire Hathaway at $33 per share through a private placement. The transaction remains subject to customary closing conditions.
Berkshire Hathaway increases investment in Bending Spoons
The additional investment strengthens the relationship between Berkshire Hathaway and Bending Spoons, which has built its business around acquiring established digital platforms, improving their operations and reinvesting earnings in further acquisitions.
Bending Spoons CEO and co-founder Luca Ferrari described Berkshire Hathaway as a longstanding influence on the company’s approach to investing and capital allocation.
Berkshire Hathaway has been among the finest and most respected capital allocators in the world, and is a longstanding inspiration for Bending Spoons.
Luca Ferrari, Bending Spoons CEO and co-founder
He added that the company welcomed Berkshire Hathaway as a shareholder during its public listing and viewed the new investment as a continuation of that relationship.
The transaction will give Berkshire Hathaway a larger equity position in a company whose acquisition strategy has expanded across enterprise software, digital media, communications and consumer applications.
Berkshire Hathaway operates across several industries, including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing, services and retailing.
Bending Spoons plans further technology acquisitions
Bending Spoons intends to use its financial resources to support continued acquisition activity.
Francesco Patarnello, the company’s head of business acquisitions and co-founder, said its pipeline of potential transactions remains strong. “Bending Spoons continuously evaluates M&A opportunities, and our pipeline remains strong,” Patarnello said.
We believe Berkshire Hathaway’s investment reflects confidence in our team and Platform and will further enhance our financial flexibility and ability to pursue attractive acquisitions as part of our broader financing strategy.
Francesco Patarnello, Bending Spoons head of business acquisitions and co-founder
Bending Spoons has pursued an acquisition-led business model for more than a decade. Its strategy involves buying digital companies, reorganizing operations, improving products and increasing earnings before reinvesting in additional businesses.
The company has never sold a material business, according to its announcement. Its main holdings include Airtable, AOL, Brightcove, Eventbrite, Evernote, Tractive, Vimeo and WeTransfer.
Rather than relying primarily on individual product launches, Bending Spoons focuses on acquiring established businesses and changing how they operate. Its restructuring programs can involve reorganizing teams, replacing or upgrading technology, redesigning interfaces, accelerating product development and adjusting marketing and monetization strategies.
Artificial intelligence is used both in product development and in implementing operational changes. The company describes its internal operating system as its Platform, comprising employees, proprietary technologies and proprietary data.
Its investment approach emphasizes specialized talent, technical capabilities and consistent operating practices across acquired businesses.
Berkshire Hathaway investment structured as private placement
Bending Spoons will issue 10 mn ordinary shares at a fixed purchase price of $33, giving the private placement a total value of $330 mn. Following completion, Berkshire Hathaway’s ownership stake will rise to 4%.
The new shares have not been registered under the US Securities Act of 1933, as amended. They cannot be offered or sold in the United States without registration or an applicable exemption from registration requirements.
Bending Spoons said further details of the private placement will be disclosed in a Form 6-K filing with the US Securities and Exchange Commission.
Completion remains subject to customary closing conditions. The latest agreement follows Berkshire Hathaway’s initial $600 mn investment at Bending Spoons’ July 2026 public listing and provides additional capital for the technology group’s acquisition strategy.
