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Bending Spoons shares jumped 41% after Berkshire Hathaway agreed to invest $330 million more, lifting its stake to about 4% of the Nasdaq-listed company.
- Bending Spoons (NASDAQ: BSP) rose 41% on Oct. 14 and spiked as much as 55% intraday.
- Berkshire will buy 10 million new shares at $33 each, on top of its $600 million July IPO stake.
- Proceeds are earmarked for acquisitions, extending a run that includes Airtable and Miro.
Lead
Bending Spoons shares surged on Wednesday, Oct. 14, after Berkshire Hathaway (NYSE: BRK.A, BRK.B) agreed to invest another $330 million in the Italian software group. The stock rose as much as 55% during the session and traded near $53.46, up 41%, from a Tuesday close of about $37.86. More than 9.8 million shares changed hands, over four times the three-month daily average. The company's market value is roughly $33 billion.What Did Berkshire Agree to Buy?
Berkshire agreed to buy 10 million newly issued ordinary shares at $33.00 each in a private placement. The deal lifts its holding to about 4%, making it the company's sixth-largest shareholder.
The placement price sits about 13% below Tuesday's close. The securities are unregistered under the U.S. Securities Act, and completion is subject to customary closing conditions. The investment follows the $600 million Berkshire committed at the company's July initial public offering, bringing its total commitment to $930 million.
The move is also among the more visible capital allocation decisions since Greg Abel succeeded Warren Buffett as chief executive at the start of the year.
Why Did Bending Spoons Shares Jump?
Shares jumped because a second purchase from one of the market's most closely watched long-term investors reads as a vote of confidence in the company's acquisition model. The reaction was also amplified by the stock's recent trajectory and trading activity.
The company priced its IPO at $29 on July 1, above its marketed range of $26 to $28, and closed its first session at $40.50. At $53.46, the shares are up about 80% from the offer price. The intraday high of roughly $58 approached the record of $58.94 set on Aug. 11.
What Will Bending Spoons Do With the Capital?
Bending Spoons plans to use the proceeds to strengthen financial flexibility and pursue acquisitions. The company buys established digital products and restructures them for profitability. Its portfolio includes AOL, Vimeo, Evernote, WeTransfer and Eventbrite.
Recent deals show the pace. It completed the purchase of Airtable on Sept. 4 and, on Sept. 10, agreed to buy Miro at an enterprise value of $1.355 billion. The company has said Berkshire's investment reflects confidence in its team and platform.
Strategic Context
For Berkshire, the stake adds a software holding to a portfolio that has historically leaned toward industrials, insurance, energy and consumer brands. The position is small relative to the conglomerate's size, but a second purchase within four months, at a higher price than the IPO, signals conviction in the acquisition-led model.
For the market, the placement addresses a funding question. Serial acquirers depend on access to capital at reasonable cost, and an anchor investor willing to buy at $33 after a rally helps underwrite further deal-making. The discount to the prior close, however, means existing holders absorb modest dilution from the 10 million new shares.
Outlook
The immediate question is whether the stock holds its gains once the placement closes and trading volume normalizes. Longer term, results depend on how effectively Bending Spoons integrates Airtable and Miro and whether it can extract margin improvements from them at the pace seen in earlier acquisitions. Further deals are likely to be funded in part by the fresh capital, keeping the company's acquisition cadence in focus through the remainder of 2026.
Mentioned tickers: BSP, BRK.A, BRK.B
