Shares of Bending Spoons surged 35.3% to $51.21 after the Italian tech conglomerate disclosed that Warren Buffett's Berkshire Hathaway agreed to pour another $330 million into the company through a private placement of 10 million shares at $33 apiece. Berkshire previously invested $600 million when Bending Spoons went public in July 2026 , making today's deal a near-billion-dollar cumulative bet on a company most Americans had never heard of until this summer.
Buffett's Stamp of Approval Carries Outsized Weight for a Young Public Company. The fresh investment takes Berkshire Hathaway's total ownership stake to 4% . For a company that priced its IPO at $29 per share just three months ago at an $18 billion valuation , a repeat Berkshire commitment signals institutional confidence that Bending Spoons' acquisition-heavy model can keep compounding. The market clearly agrees — shares blew past the analyst consensus price target of $47.67 before lunch.
The $33 Price Tag Looks Like a Gift — and That's the Point. Berkshire is buying at a 36% discount to today's trading price and 13% below the prior close of $37.86. Private placements routinely carry discounts to entice big-ticket investors, but existing shareholders absorb dilution — roughly 1.5% based on the ~635 million diluted shares outstanding as of Q2. The trade-off: Bending Spoons says its deal pipeline "remains strong" and characterizes Berkshire's investment as enhancing "financial flexibility" for future acquisitions .
The Acquisition Machine Needs Fuel. Bending Spoons buys digital businesses, implements "deep transformations" to expand earnings, reinvests in more deals, and has "never sold a material business" over its decade-long history . Q2 revenue hit $704 million with an operating income margin of 34% and $793 million in cash . But total debt stands at roughly $4.96 billion , so $330 million in fresh equity helps the balance sheet as it digests recent purchases like a $1.3 billion all-cash acquisition of Airtable and the pending $1.355 billion deal for collaboration tool Miro .
Valuation Reflects Faith, Not Fundamentals — Yet. At today's price, trailing twelve-month revenue is about $2 billion, and the price-to-earnings ratio sits near 181 . Investors are paying for a future in which Bending Spoons can wring profits from every brand it swallows. Berkshire's willingness to double down suggests it believes that future is plausible — but at 181 times earnings, the margin for error is razor-thin.