Berkshire Hathaway Pours Another $330,000,000 Into Software Company As Shares Surge 41%

Berkshire Hathaway (BRK.A/BRK/B) has agreed to pour another $330 million into Milan-based software operator Bending Spoons (BSP). The firm will buy 10 million newly issued ordinary shares at $33 apiece in a private placement, reports 24/7 Wall St. The latest outlay builds on a $600 million investment at the July initial public offering, bringing Berkshire’s combined commitment near $930 million at purchase prices and taking its ownership to about a 4% stake, says Bending Spoons. Says co-founder and chief executive Luca Ferrari, “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.” Bending Spoons acquires and runs mature software and internet businesses such as Airtable, AOL, Brightcove, Eventbrite, Evernote, Tractive, Vimeo and WeTransfer.

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