Berkshire Hathaway bought more of Bending Spoons, and its shares jumped 41.2%

Bending Spoons rose 41.2% to US$53.46 on Wednesday. Berkshire Hathaway is investing another US$330 million in the Italian company, on top of the US$600 million it put in when the shares listed in July.

Bending Spoons owns apps you have probably used. Its stable includes Evernote, Vimeo, WeTransfer, Eventbrite, Airtable and AOL. It buys established tech businesses, reworks them to make more money, and uses the cash to buy more.

The odd part is the price. Berkshire is paying US$33 a share, about 13% below Tuesday's close of US$37.86. Investors then paid far more than that for the shares on Wednesday.

Chart: Bending Spoons climbs 41.2% as Berkshire buys more. Daily closing price, US$ a share, 5 August to 14 October 2026. Berkshire is paying US$33 a share for its new stock; the shares listed at US$29 in July. — This story’s chart of the day.

Berkshire's stake will be about 4%, making it Bending Spoons' sixth-largest investor. The shares are now up about 84% from their US$29 listing price.

Chief executive Luca Ferrari called Berkshire among the finest capital allocators in the world. Co-founder Francesco Patarnello said the new money gives Bending Spoons more room to make acquisitions.

The catch

at Wednesday's close the shares were worth about 62% more than Berkshire is paying. Bending Spoons still has to earn that price by squeezing more profit out of older apps, and that work shows up over years.

This story ran in Running Hot Thursday 15 October’s edition, with the market snapshot, the other two stories, the numbers and the week ahead. Read the whole edition →

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