Bending Spoons wins Berkshire backing as it revives software castoffs
Milan-based holding company sees stock surge 41% after Warren Buffett's firm adds $330 million stake
Bending Spoons, the Italian holding company that scoops up faded software names, has received a major vote of confidence from Berkshire Hathaway, which has now invested over $900 million in the firm including a $330 million stake disclosed this week. The news sent Bending Spoons' stock up 41%, leaving it with a market capitalisation of about $30 billion, as the company simultaneously confirmed significant job cuts at its latest acquisition, Airtable.