Bending Spoons Stock Soars 55% on Berkshire's $330 Million Investment
Deals·2 articles across 2 outlets·↩ Updated
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Shares of Bending Spoons surged as much as 55% after Berkshire Hathaway Inc. agreed to invest an additional $330 million in the Italian technology conglomerate. The investment brings Berkshire’s stake in Bending Spoons to 4% and provides the company with more capital to pursue acquisitions.
This latest investment follows Berkshire's previous $600 million investment during Bending Spoons' IPO in July. The news of the expanded investment led to a significant jump in Bending Spoons' stock, which initially rose more than 40% before stabilizing.
Bending SpoonsBerkshire Hathaway
Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“Shares of Bending Spoons surged as much as 55% after Berkshire Hathaway Inc. agreed to invest an additional $330 million in the Italian technology conglomerate.”
Bloomberg — Bending Spoons Stock Soars on Berkshire’s Increased Stake“Shares of conglomerate that owns AOL and Vimeo jumped more than 40% on news of expanded investment before dropping back”
FT — Berkshire Hathaway adds $330mn to stake in tech group Bending Spoons“Berkshire's latest investment follows the $600 million it invested in the company's IPO this July.”
CNBC — Bending Spoons skyrockets 35% as Berkshire Hathaway makes $330 million investment“Berkshire Hathaway invests an additional $330M in Bending Spoons, taking its stake to 4%, after investing $600M during Bending Spoons' July IPO; BSP jumps 40%+”
techmeme — Berkshire Hathaway invests an additional $330M in Bending Spoons, taking its stake to 4%, after investing $600M during Bending Spoons' July IPO; BSP jumps 40%+ (Peter Wells/Financial Times)
AnalysisInterprets it
“Serial acquirer Bending Spoons takes inspiration from Berkshire Hathaway, it says.”
IBD — Berkshire's New Bet, Bending Spoons, Is A Company Much Like Itself
SupportCorroborates it
“Bending Spoons stock jumps as Berkshire Hathaway invests another $330 million”
quartz — Bending Spoons stock jumps as Berkshire Hathaway invests another $330 million
Earlier versions
- Oct 14, 4:26 PM — Berkshire Hathaway Adds $330M to Stake in Bending Spoons (4/4)