Berkshire adds $330mn to Bending Spoons stake

By the Editorial Team · Thursday, October 15, 2026

Berkshire Hathaway increased its stake in technology firm Bending Spoons by $330 million, raising its total investment to 4 percent through a new share placement. This move marks a shift in Berkshire’s strategy under new CEO Greg Abel, highlighting a renewed focus on tech investments with long-term growth prospects.

Berkshire Hathaway has increased its investment in Bending Spoons by $330 million, boosting its stake in the technology firm to 4 percent. This follows an initial $600 million investment made during the company's initial public offering (IPO) in July. The additional infusion was executed through a share placement, with Bending Spoons issuing 10 million new ordinary shares priced at $33 each.

The share price of Bending Spoons surged significantly following the announcement, rising as much as 46 percent during afternoon trading on Wall Street. Since its Nasdaq debut, the company’s shares have gained over 80 percent, valuing the firm at approximately $35 billion. The investment renewed market attention on Bending Spoons, which owns several once-prominent digital brands including AOL, Eventbrite, Vimeo, Evernote, and WeTransfer.

Bending Spoons, founded in 2013 by Luca Ferrari and four partners, focuses on acquiring and restructuring struggling legacy digital businesses with the aim of reducing costs and improving profitability. Unlike traditional private equity firms, the company does not seek to exit these holdings quickly but instead emphasizes long-term earnings growth. Ferrari has described the company’s capital allocation strategy as one focused on maximizing earnings per share over a decade or two, regardless of the specific product area, which spans productivity tools, video infrastructure, and dating applications.

The investment comes amid a leadership transition at Berkshire Hathaway. Warren Buffett stepped down as chair last month, passing the role to Greg Abel, who is now in his first year as chief executive. Abel has begun deploying Berkshire’s substantial cash reserves, reportedly $365 billion, reversing a three-year period of net stock sales by making nearly $20 billion of stock market investments in the second quarter. Some investors view Buffett’s resignation as a clear signal that Abel is steering the company independently.

Berkshire Hathaway has a history of backing technology firms in their public listings, including investments in Snowflake in 2020 and StoneCo in 2018. Earlier in the year, it also participated in a $10 billion private share placement for Alphabet. The latest commitment to Bending Spoons reflects Berkshire’s continued appetite for technology companies with significant growth potential.

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