Berkshire Hathaway Invests Over $900 Million in Bending Spoons as Stock Jumps 41%
Updated
Updated · CNBC · Oct 17
Berkshire Hathaway Invests Over $900 Million in Bending Spoons as Stock Jumps 41%
1 articles · Updated · CNBC · Oct 17
Summary
$900 million-plus from Berkshire Hathaway has given Bending Spoons a major boost less than four months after its Nasdaq debut, with a new $330 million stake disclosed this week.
41% was the stock's initial jump after the investment news, though shares later gave back part of the gain and closed Friday at $47.07, valuing the company at about $30 billion.
Bending Spoons is using that backing to accelerate its software roll-up strategy, buying discarded SaaS names such as Airtable for $1.3 billion and Miro for $1.36 billion after steep valuation collapses.
Job cuts remain central to the model: the company said Monday that a large portion of Airtable's pre-acquisition team will leave, following layoffs at Evernote, Vimeo and other portfolio companies.
The bet reflects a wider AI-era shakeout in software, where investors are rewarding frontier AI firms while older SaaS companies struggle for capital, customers and IPO demand.