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Berkshire Adds $330 Million to Bending Spoons Stake
A securities filing showed Berkshire will buy 10 million Bending Spoons shares, sending the company's stock sharply higher.
Key takeaways
- Berkshire Hathaway invested $330 million in Bending Spoons.
- Bending Spoons will issue Berkshire 10 million shares at $33 each.
Bending Spoons shares jumped 35% after a securities filing revealed a new $330 million investment from Berkshire Hathaway.
Under the deal, Bending Spoons will issue Berkshire 10 million ordinary shares at $33 each. The filing puts Berkshire’s stake at 4%.
The investment follows Berkshire’s $600 million investment in July, when Bending Spoons went public on Nasdaq. Co-founder Francesco Patarnello said the investment would increase the company’s financial flexibility as it pursues acquisitions.
Topics
BRK-BBending Spoons
Further reading
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
