# Bending Spoons Gets Berkshire Boost

> Berkshire Hathaway invests $330m in Bending Spoons as it revives software castoffs.
- Title: Bending Spoons Gets Berkshire Boost · CNBC | Shortify
- Summary: Berkshire Hathaway invests $330m in Bending Spoons as it revives software castoffs. Berkshire Hathaway added $330 million to its stake in Bending Spoons, a…
- Keywords: bending spoons, berkshire hathaway, m&a, software, saa spocalypse, airtable, evernote, vimeo, eventbrite, business, finance, Bending
- Source: CNBC — https://cnbc.com/2026/10/17/bending-spoons-wants-to-revive-software-castoffs-berkshire-investing.html
- Author: CJ Haddad
- Published: 2026-10-17T12:00:01+00:00
- Read time: 2 min
- Topics: bending spoons, berkshire hathaway, m&a, software, ai, saa spocalypse, airtable, evernote, vimeo, eventbrite, business, finance
## 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.
## Key takeaway

Berkshire Hathaway added $330 million to its stake in Bending Spoons, a holding company that buys undervalued software firms, after its IPO.