Berkshire commits another $330 million to Bending Spoons

Berkshire Hathaway has agreed to invest another $330 million in Bending Spoons, deepening its position in the Italian technology company as its shares climbed sharply after the announcement. The private placement remains subject to customary closing conditions. Under the agreement, Bending Spoons will issue Berkshire 10 million ordinary shares at $33 each. The company said it expects the transaction to close in the fourth quarter of 2026. Proceeds are intended to strengthen its financial flexibility and support acquisitions and general corporate purposes. Berkshire’s latest commitment brings its reported cumulative investment in Bending Spoons to $930 million and its stake to about 4%. Berkshire invested $600 million in the company’s July initial public offering, which was priced at $29 a share. The new placement price is about 13% below the $37.86 closing price on Tuesday. Bending Spoons shares rose steeply on Wednesday after the investment was announced. The reported gains varied with the time of observation: the stock was up about 35% in morning trading in one account, while other reports recorded larger moves later in the session. Those figures describe intraday snapshots,...