Berkshire Hathaway Builds 4% Stake in Bending Spoons
Dow Jones10-14 21:36
Berkshire Hathaway holds a 4% stake in Bending Spoons after making a fresh $330 million investment in the serial acquirer of digital-subscription and software companies.
Bending Spoons on Wednesday said Berkshire's latest purchase comes after the conglomerate invested $600 million in the Milan-based company's July initial public offering.
Bending Spoons said it is selling 10 million shares at $33 apiece to Berkshire in a private placement, a nearly 13% discount to Tuesday's closing price of $37.86.
Shares of Bending Spoons shot up 20% to $45.45 in early trading Wednesday
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