Berkshire deepens Bending Spoons bet with $330 million, sparking share rally

By Reuters News
The company logo for Bending Spoons, is displayed at the opening bell ceremony during the company’s IPO at the Nasdaq Market Site in New York City, U.S., July 1, 2026. REUTERS/Brendan McDermid

Oct 14 (Reuters) - Bending Spoons BSP.O shares rallied 34% on Wednesday after Berkshire Hathaway BRKa.N invested another $330 million in the owner of Vimeo and AOL, a big endorsement from the high-profile investor whose moves traders closely follow.

The purchase builds on the $600 million Berkshire invested in Bending Spoons' initial public offering in July. It lifts the Warren Buffett-founded conglomerate's stake in the company to 4%, making it Italian company's sixth-largest investor, according to LSEG data.

Berkshire Hathaway, whose businesses span insurance, energy, rail transportation, manufacturing and retail, has a history of investing across industries.

Under CEO Greg Abel, the conglomerate has increased its exposure to technology companies and AI, with Alphabet GOOGL.O becoming its third-largest common stock holding. Its largest stock investments include Apple AAPL.O.

Bending Spoons will now issue 10 million ordinary shares to Berkshire at $33 per share. The company's stock, meanwhile, jumped to $51.10.

Bending Spoons, which acquires and transforms struggling digital businesses, said the investment would strengthen its financial flexibility and support its acquisition strategy.

It continues to evaluate merger and acquisition opportunities and has a strong pipeline, said Francesco Patarnello, co-founder and head of business acquisitions.

Bending Spoons, which acquires and transforms digital businesses, has a portfolio that includes productivity software maker Airtable, pet-tracking company Tractive and file-sharing platform WeTransfer.

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