Bending Spoons Gets Berkshire Boost
Berkshire Hathaway invests $330m in Bending Spoons as it revives software castoffs.
In brief
Berkshire Hathaway invests $330m in Bending Spoons as it revives software castoffs. Berkshire Hathaway added $330 million to its stake in Bending Spoons, a holding company that buys undervalued software firms, after its IPO. Originally reported by CNBC.
Bending Spoons emerges as tech M&A player
Bending Spoons has become a major player in tech M&A by reviving software castoffs after its July 2026 IPO.
Berkshire Hathaway invests $330m
Berkshire Hathaway added $330 million to its stake in Bending Spoons, boosting the company's stock price 41% this week.
Bending Spoons' strategy
Bending Spoons aims to generate profits from acquired software businesses, similar to Warren Buffett's model, rather than seeking exits.
Airtable acquisition
Bending Spoons bought Airtable for $1.3 billion, nearly 90% below its 2021 peak valuation, with significant layoffs planned.
SaaSpocalypse
The 'SaaSpocalypse' describes how AI displaces software developers, causing many SaaS companies to lose value and face capital shortages.
Bending Spoons' history
Bending Spoons was founded in 2013 by Luca Ferrari, Matteo Danieli, and Francesco Patarnello after their failed mobile app Evertale.
IPO details
Bending Spoons raised $1.7 billion at its July 2026 IPO, closing at $47.07 per share after a $29 initial price.
Berkshire's confidence
Analysts at Mizuho called Berkshire's investment a vote of confidence in Bending Spoons' model as one of the world's most respected long-term investors.
Job cuts and layoffs
Bending Spoons announced layoffs for Airtable's pre-acquisition team, with similar cuts at Evernote, Vimeo, WeTransfer, and others.
Price hikes for customers
Bending Spoons raised Evernote's annual subscription from $70 to $130 and introduced new pricing tiers after its acquisition.
Bending Spoons' revenue growth
Bending Spoons reported revenue over $700 million and net income of $177 million in its first earnings report as a public company.
Berkshire's long-term bet
Berkshire Hathaway's investment in Bending Spoons represents a long-term bet on the company's ability to revive software amid AI-driven market shifts.
The short version
Berkshire Hathaway added $330 million to its stake in Bending Spoons, a holding company that buys undervalued software firms, after its IPO.
