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Berkshire Hathway has invested over $900 million in Bending Spoons, including a $330 million stake disclosed on Wednesday, providing a significant endorsement for the Milan-based holding company's acquisition strategy.
The investment comes less than four months after Bending Spoons debuted on the Nasdaq in July, a period during which the firm transformed from an obscure owner of legacy internet names into a primary buyer for software assets displaced by the artificial intelligence boom.
The announcement initially drove Bending Spoons shares up 41 percent, though some gains were later lost, leaving the company with a market capitalization of approximately $30 billion.
Analysts at Mizuho noted that the decision by one of the world's most respected long-term investors to add to its position just months after the IPO serves as a vote of confidence in the Bending Spoons model.
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