Berkshire Hathaway invests $330 million in Bending Spoons
Overview
Berkshire Hathaway invested $330 million in Bending Spoons, according to a new securities filing.
Under the deal, Bending Spoons will issue 10 million ordinary shares to Berkshire at $33 a share. Bending Spoons shares rose 35% after the filing was reported, according to CNBC.
The investment raises Berkshire's stake to 4%. Berkshire had previously invested $600 million in Bending Spoons in July, when the company listed on the Nasdaq.
Written by AI from the articles below · updated Oct 14, 11:02 AM ET
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- CNBC · TechnologyNewsBending Spoons shares jump 35% after Berkshire Hathaway's $330 million investment
AIBending Spoons shares rose 35% after a new securities filing showed Berkshire Hathaway investing $330 million in the company. Under the deal, Bending Spoons will issue 10 million ordinary shares to Berkshire at $33 a share. The investment brings Berkshire's stake to 4%, following its $600 million investment in July when Bending Spoons listed on the Nasdaq.
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