Bending Spoons Jumps 35% as Berkshire Hathaway Invests Another $330 Million
Updated
Updated · CNBC · Oct 14
Bending Spoons Jumps 35% as Berkshire Hathaway Invests Another $330 Million
2 articles · Updated · CNBC · Oct 14
Summary
Bending Spoons shares surged 35% after a securities filing disclosed a fresh $330 million Berkshire Hathaway investment.
The deal will have the Italy-based company issue 10 million ordinary shares to Berkshire at $33 each, lifting the conglomerate’s stake to 4%.
The new funding follows Berkshire’s $600 million July investment, made when Bending Spoons listed on Nasdaq.
Bending Spoons said the cash adds financial flexibility as it keeps a strong M&A pipeline, underscoring Berkshire’s continued backing under CEO Greg Abel.