Berkshire Hathaway Invests Heavily in Bending Spoons; Should Investors Follow?
Greg Abel, Warren Buffett’s successor as CEO of Berkshire Hathaway (BRK.A) (BRK.B), has made a significant investment in Italian tech company Bending Spoons. The conglomerate initially invested $600 million when the stock IPO'd at $29 and recently added another $330 million through a private placement, acquiring shares at an approximate 13% discount to market price. Bending Spoons operates as a digital technology holding company that acquires revenue-generating businesses with potential for AI-driven growth. It has completed over 50 acquisitions since its founding in 2013 and aims for high internal rates of return (IRR). Recent notable deals include Airtable and Miro, while AOL remains one of its largest holdings. Despite strong financial performance — including a nearly 95% revenue increase from $671 million to $1.3 billion between 2024 and 2025 — the stock has dropped by over 3% following recent news. Analysts caution that while Berkshire's backing is significant, investors may want to wait for more clarity before buying in.
Tickers: $BSP
Topics: Bending Spoons Berkshire Hathaway Greg Abel IPO technology investment
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Part of the story Bending Spoons Stock Surges on $330 Million Investment from Berkshire Hathaway (4 articles)