Berkshire Hathaway doubles down on Bending Spoons with another $330 million investment, raising its stake to 4% just three months after IPO

Berkshire Hathaway is putting another $330 million into Bending Spoons, just three months after investing $600 million in the Italian technology company’s July 2026 IPO. The latest deal brings Berkshire’s cumulative investment to $930 million and increases its ownership stake to 4%, marking a significant commitment to a company that has quietly assembled a portfolio of some of the internet’s most recognizable brands.

Bending Spoons announced the investment on Wednesday, saying Berkshire will purchase 10 million ordinary shares at $33 each through a private placement. The transaction remains subject to customary closing conditions.

The investment spotlights an unusual technology company. Rather than building its business around a single product, Bending Spoons buys established digital businesses, restructures their operations, and uses the earnings to fund more acquisitions.

Its portfolio includes AOL, Evernote, Vimeo, WeTransfer, Eventbrite, Airtable, Brightcove, and Tractive. These are businesses with millions of users, established brands, and years of operating history.

For Berkshire Hathaway, the latest investment represents a deeper financial commitment to a company whose acquisition-driven strategy shares some characteristics with its own approach to long-term business ownership.

Why Berkshire Hathaway is increasing its investment in Bending Spoons

Berkshire Hathaway has spent decades building a business around acquiring companies, allocating capital, and allowing earnings to compound over time. Bending Spoons follows a similar principle in the digital economy, buying software and internet businesses it believes can become more profitable under new ownership.

The comparison has its limits. Berkshire operates across insurance, energy, railroads, manufacturing, and retail, while Bending Spoons focuses on digital businesses and often makes extensive changes after an acquisition.

Still, the similarities help explain why the investment is attracting attention.

Founded in 2013 by CEO Luca Ferrari and a group of fellow engineers, Bending Spoons has become one of Europe’s most aggressive software acquirers. The company operates a playbook that stands apart from the traditional Silicon Valley growth model. Instead of building a large product portfolio from scratch, it buys established software businesses, cuts costs, streamlines operations, and pushes users toward subscription plans.

Bending Spoons CEO and co-founder Luca Ferrari welcomed Berkshire’s decision to increase its position.

“For decades now, Berkshire Hathaway has been among the finest and most respected capital allocators in the world, and is a longstanding inspiration for Bending Spoons. We were delighted to welcome Berkshire Hathaway as shareholders at our public listing, and we’re equally delighted to reinforce the partnership through this fresh investment, which underscores our mutual respect and excitement for what lies ahead,” Ferrari said.

The new investment comes as Bending Spoons continues searching for acquisition targets.

Francesco Patarnello, the company’s co-founder and head of business acquisitions, said its deal pipeline remains strong and that Berkshire’s investment would give the company greater financial flexibility.

“Bending Spoons continuously evaluates M&A opportunities, and our pipeline remains strong. We believe Berkshire Hathaway’s investment reflects confidence in our team and Platform and will further enhance our financial flexibility and ability to pursue attractive acquisitions as part of our broader financing strategy.”

The comments suggest acquisitions remain central to Bending Spoons’ growth plans, though the company did not identify any specific targets in its announcement.

Bending Spoons is building a different kind of technology empire

Bending Spoons has spent more than a decade developing a business model built around buying digital companies and changing how they operate.

After an acquisition, the company may reorganize teams, replace technology systems, redesign products, change pricing, and overhaul marketing. Artificial intelligence plays an increasing role in its operations and product development.

The strategy can produce substantial changes for acquired businesses and their customers. It differs from the traditional Silicon Valley model of building a startup, pursuing aggressive user growth, and eventually seeking an acquisition or public listing.

Bending Spoons instead focuses on owning businesses for the long term. The company says it has never sold a material business.

Its portfolio is particularly interesting for the range of products involved. Evernote serves people organizing notes and documents. WeTransfer handles file sharing. Vimeo operates in video hosting and software. AOL remains one of the internet’s oldest consumer brands.

Bringing these businesses under one corporate owner creates opportunities to share technology, operating expertise, and capital across products serving different markets.

The latest Berkshire investment provides another $330 million in financing for that strategy, subject to the deal closing.

Under the agreement, Bending Spoons will issue 10 million shares at $33 apiece. The shares are being sold through a private placement rather than a public offering. The company said it would disclose further details in a Form 6-K filing with the U.S. Securities and Exchange Commission.

Berkshire’s 4% stake remains a minority position, and the announcement does not indicate that the investment gives it operational control over Bending Spoons.

For a company built around buying and rebuilding established internet businesses, Berkshire Hathaway increasing its stake so soon after the IPO is a meaningful development.

The bigger story is what Bending Spoons does next. With $930 million in cumulative investment from Berkshire Hathaway and a portfolio already spanning several major internet brands, the company has additional financial backing to pursue its next acquisition.

And that raises an interesting question: Which familiar technology business will Bending Spoons buy next?

Bending Spoons Team