By Hamza Faisal

Berkshire Hathaway is going back for seconds. The conglomerate has agreed to buy another $330 million of Bending Spoons stock in a private placement, lifting its ownership stake in the Italian software company to about 4% and handing the digital-business roll-up one of the loudest endorsements money can buy.

Under the deal, Bending Spoons will issue 10 million newly created ordinary shares to Berkshire at $33.00 apiece. The announcement, first disclosed in a regulatory filing on Wednesday, follows the $600 million position Berkshire took at Bending Spoons' initial public offering in July 2026 — barely three months ago.

A stamp of approval that moved the market

Shares of Bending Spoons (ticker: BSP) surged on the news. The stock jumped as much as 45% in early trading before settling around $51, according to market data — putting it on pace for its best single-day gain since the company went public on July 1. The $33 private-placement price sits at a roughly 13% discount to the stock's closing price of $37.86 the day before the announcement, yet investors read the deal as a vote of confidence rather than dilution.

That confidence now comes from a new captain. With Warren Buffett retired from the chief executive role since the start of the year, the investment signals how Berkshire's leadership under CEO Greg Abel is approaching capital allocation. The firm has quietly been increasing its exposure to technology companies — Alphabet is now its third-largest common stock holding, and Apple remains its largest stock investment.

What Bending Spoons plans to do with the cash

Bending Spoons said it will use the gross proceeds for general corporate purposes and to fund future acquisitions. That is the company's entire playbook: buy established digital applications, restructure their operations, and squeeze out profitability to finance the next deal.

"We believe Berkshire Hathaway's investment reflects confidence in our team and Platform and will further enhance our financial flexibility and ability to pursue attractive acquisitions," said Francesco Patarnello, co-founder and head of business acquisitions.

The pipeline is certainly active. Bending Spoons closed its acquisition of project-management platform Airtable on September 4, agreed to buy collaboration software maker Miro at a $1.355 billion enterprise value on September 10, and earlier this year bought AOL for $1.5 billion. The portfolio already includes video platforms Vimeo and Brightcove, note-taking app Evernote, ticketing company Eventbrite, pet-tracking firm Tractive, and file-sharing service WeTransfer.

Betting on the roll-up model

The deal also tests investor faith in Bending Spoons' leverage-heavy acquisition model. The company carried $5 billion in total debt, including lease obligations, against $793 million in cash and short-term investments as of June 30, 2026, alongside a working capital deficit of $761 million. Management argues that the businesses it buys generate enough cash flow to service that debt — and Berkshire's follow-on investment, analysts say, is a meaningful institutional backstop for that thesis.

"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," CEO and co-founder Luca Ferrari said. "We were delighted to welcome Berkshire Hathaway as shareholders at our public listing, and we're equally delighted to reinforce the partnership through this fresh investment."

The private placement is subject to customary closing conditions, with further details to be filed in a Form 6-K with the U.S. Securities and Exchange Commission. But the market verdict was immediate: when Berkshire comes back for a second helping, investors sit up — and this time, they piled in.

By Hamza Faisal