Berkshire Hathaway Just Bet Another $330 Million on One Stock. It Soared 41%
Berkshire Hathaway quietly agreed to pour hundreds of millions into a little-known Milan software company, and the market's reaction raises a sharp question about who actually wins when a giant endorses a stock it bought at a steep discount.
On Wednesday, October 14, 2026, Bending Spoons (NASDAQ:BSP) said Berkshire Hathaway (NYSE:BRK-A | BRK-A Price Prediction, NYSE:BRK-B) agreed to buy 10 million newly issued ordinary shares at $33.00 each in a $330 million private placement. The stock rose 41.20% to close at $53.46, up from $37.86 the prior session.
The placement price was fixed before the market reacted. Anyone buying at the close is paying a large premium to what Berkshire agreed to pay.
The new money adds to the $600 million Berkshire invested at the July 2026 initial public offering, for a combined commitment of about $930 million at purchase prices. That figure reflects what Berkshire paid, and it says nothing about current value.
Berkshire’s own move was quiet. Its Class B shares rose 1.11% to $526.35, a 10th straight daily gain.
Signed Terms Versus Pending Details
A private placement means the company sells new shares directly to one buyer. Bending Spoons receives fresh capital and existing holders are diluted, unlike an open-market purchase where cash simply moves between investors.
The share count, price, and dollar size are disclosed. Closing remains subject to standard conditions, with details to come in a regulatory filing, so the deal should be treated as pending.
The announcement names Berkshire Hathaway only. It attributes no decision to Warren Buffett, and Berkshire issued no release of its own.
What Bending Spoons Owns and How It Earns
The Milan-based company acquires and runs mature software and consumer internet properties, including Airtable, AOL, Brightcove, Eventbrite, Evernote, Tractive, Vimeo and WeTransfer. The strategy is to buy, cut costs, raise prices, and harvest cash.
Its IPO prospectus set a 65% internal-rate-of-return hurdle on a levered basis for recent deals and said it expects to commit almost all available capital to acquisitions for many years.
Co-founder and chief executive Luca Ferrari said: “We were delighted to welcome Berkshire Hathaway as shareholders at our public listing.” The acquisition model compounds while attractive targets exist, but it stalls once only larger, pricier deals remain.
A cash-harvesting operator that studies Teledyne (NYSE:TDY) and Capital Cities fits Berkshire’s template, and so does providing committed capital to a company that wants it. But the stock has traded only since July and has run from $30.11 to $58.94. Four founders hold class A shares carrying 82.71% of total voting power, so outside shareholders, Berkshire included, have little say. Serial acquisitions need funding, and this placement helps provide it.
Why One Headline Moved BSP 41% and Berkshire 1%
Bending Spoons now carries a market value of $32.12 billion. Berkshire is worth about $741.92 billion and held a record $380 billion in cash in the first quarter, so the stake barely registers for Berkshire (for readers who like to shop Buffett’s own cart, we ranked the seven cheapest dividend payers inside Berkshire in a free report).
Because of that asymmetry, the endorsement reprices the small company, while the buyer’s own value barely moves.
At the close, the stock trades near 86 times trailing earnings, above the average analyst target of $47.67.
What BSP’s Premium to Berkshire’s Price Means for Investors
At $53.46, BSP trades well above the price Berkshire agreed to pay. Berkshire’s paper gain is real but unrealized, and it set the price far below where the shares closed.
Berkshire holds the same position as a sliver of a diversified business trading near 11 times earnings.
Berkshire shareholders also own insurance float, railroads, and utilities rather than a single acquisition machine still proving it can integrate deals like Airtable.
If the placement closes as described and BSP holds above $47.67 through its next earnings report, this call is wrong.
Contact [email protected] for any questions or corrections.
Omor Ibne Ehsan is a writer at 24/7 Wall St. He is a self-taught investor with a focus on growth, cyclical, and dividend equities that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as penny stocks.
