Berkshire Hathaway invests another $330 million in Bending Spoons
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Shares of Bending Spoons jumped 35% after a securities filing showed Berkshire Hathaway bought 10 million ordinary shares at $33 apiece, a $330 million infusion that lifts Berkshire's stake in the Italian serial acquirer to 4%. The investment follows the $600 million Berkshire put into the company's July IPO on the Nasdaq and is among its first major moves under CEO Greg Abel, who took over from Warren Buffett at the start of the year. Co-founder Francesco Patarnello said the deal strengthens Bending Spoons' capacity to pursue acquisitions.
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