❯ Berkshire invests another $330 million in Bending Spoons, raising its stake to 4%

$33 a shareBending Spoons filed with the SEC on October 14 that it signed a binding private placement with Berkshire for 10 million new shares at $33 each, raising $330 million, expected to close in the fourth quarter. Berkshire’s stake will rise to about 4%.

Already invested at the July IPOAccording to Latham & Watkins, Berkshire invested $600 million at Bending Spoons’ July 2026 IPO; this is a follow-on. Bending Spoons is headquartered in Milan and trades on Nasdaq as BSP.

Buying apps to fix themBending Spoons buys existing digital products and makes them more profitable by reorganizing teams, rebuilding technology, redesigning interfaces, speeding development and changing marketing and pricing, then buys the next. Its brands include Evernote, Vimeo, WeTransfer, Eventbrite, AOL and Airtable, and it says it has never sold a material business. The filing says AI is often both the goal and the tool of an overhaul.

Money for more dealsProceeds go to general purposes and new acquisitions. It has been busy: it completed the Airtable acquisition on September 4 and agreed on September 10 to buy online whiteboard company Miro for $1.355 billion. For a company that grows by buying, cash on hand speeds the next deal.

▮ SIGNALBerkshire is betting not on any single app, but on a method: buy it, fix it, buy again.