The deal is expected to close in the fourth quarter, subject to customary conditions. Berkshire has not commented on the investment, either in the company's announcement or in the filing. Bending Spoons executives Luca Ferrari and Francesco Patarnello said the proceeds will strengthen the company's financial flexibility and support its acquisition pipeline, which they described as strong.
The investment shows Berkshire, now led by CEO Greg Abel, increasing its exposure to a recently listed technology company just three months after the IPO. That fits a broader shift in Berkshire's portfolio toward technology and AI. Bending Spoons, a Milan-based serial acquirer that restructures older digital brands including AOL, Vimeo, Evernote, Airtable, and WeTransfer, already traded about 80% above its IPO price, valuing it near $33 billion before this news. Analysts and commentators have questioned whether the valuation is rich after that rally, even as the company reports strong free cash flow. Attorneys should watch the closing conditions and the SEC filing for final terms.