Berkshire Hathaway adds $330M to Bending Spoons, lifting its stake to 4%

Berkshire Hathaway is putting another $330 million into Bending Spoons, just three months after investing $600 million in the Italian technology company's July 2026 IPO. The latest deal, announced Wednesday, brings Berkshire's cumulative investment to $930 million and increases its ownership stake to 4%.

Under the agreement, Berkshire will purchase 10 million ordinary shares at $33 each through a private placement. The transaction remains subject to customary closing conditions, and Bending Spoons said it would disclose further details in a Form 6-K filing with the U.S. Securities and Exchange Commission. Berkshire's 4% stake remains a minority position, and the announcement does not indicate that the investment gives it operational control over Bending Spoons.

Bending Spoons does not build its business around a single product. Founded in 2013 by CEO Luca Ferrari and a group of fellow engineers, the company buys established digital businesses, restructures their operations, and uses the earnings to fund more acquisitions. Its portfolio includes AOL, Evernote, Vimeo, WeTransfer, Eventbrite, Airtable, Brightcove, and Tractive — businesses with millions of users, established brands, and years of operating history.

After an acquisition, Bending Spoons may reorganize teams, replace technology systems, redesign products, change pricing, and overhaul marketing, with artificial intelligence playing an increasing role in its operations and product development. The company says it has never sold a material business, a stance that sets it apart from the traditional Silicon Valley model of building a startup, pursuing aggressive user growth, and eventually seeking an acquisition or public listing.

That playbook has drawn comparisons to Berkshire's own approach of acquiring companies, allocating capital, and allowing earnings to compound. The comparison has limits: Berkshire operates across insurance, energy, railroads, manufacturing, and retail, while Bending Spoons focuses on digital businesses and often makes extensive changes after an acquisition.

"For decades now, Berkshire Hathaway has been among the finest and most respected capital allocators in the world, and is a longstanding inspiration for Bending Spoons," Ferrari said. "We were delighted to welcome Berkshire Hathaway as shareholders at our public listing, and we're equally delighted to reinforce the partnership through this fresh investment, which underscores our mutual respect and excitement for what lies ahead."

The new investment comes as Bending Spoons continues searching for acquisition targets, though the company did not identify any specific ones in its announcement. Francesco Patarnello, co-founder and head of business acquisitions, said its deal pipeline remains strong and that Berkshire's investment would give the company greater financial flexibility.