Berkshire puts another $330M behind Bending Spoons' software roll-up
The October 14th private placement lifts Berkshire's stake to 4%, with Bending Spoons citing greater financial flexibility and capacity to pursue acquisitions.
By RuntimeWire Staff · Published
Primary source: CNBC
Why it matters
Bending Spoons says Berkshire's investment will improve the company's financial flexibility and support attractive acquisitions, complementing its substantial borrowing. At Airtable, plans for product improvements and AI features accompany major staff cuts.
Berkshire Hathaway agreed to invest another $330 million in Bending Spoons on October 14th, backing co-founder and CEO Luca Ferrari's strategy of buying established software products and rebuilding how they operate. The private placement gives Berkshire 4% of the Milan-based company, according to Bending Spoons' announcement.…