Berkshire Hathaway Increases Stake in Bending Spoons to 4%
Berkshire Hathaway has expanded its investment in the Milan-based tech holding company Bending Spoons (BSP) by purchasing an additional $330 million in shares via a private placement. This transaction involved 10 million shares at $33 per share, bringing Berkshire's total ownership to 4%. The move follows previous strategic acquisitions under CEO Greg Abel, including Taylor Morrison and increased holdings in Alphabet. Bending Spoons operates with a model described as '25% private equity and 75% tech,' acquiring established digital brands like Vimeo, Evernote, and AOL to optimize their performance. While the company shows rapid growth—reporting a 126% revenue increase to $311 million in Q2—it maintains a high leverage ratio with net debt of $4.09 billion. Analysts suggest this investment aligns with Berkshire's historical preference for brand-name companies, even as it leans further into the technology sector.
