Berkshire Hathaway Inc. (NYSE:BRK/B) clearly likes what it sees in Italian technology portfolio company Bending Spoons S.p.A. (NASDAQ:BSP). On Wednesday, the conglomerate committed an additional $330 million to the company, pushing its ownership stake up to 4%.

Investors liked what they saw too. Bending Spoons stock traded higher by more than 45% on Wednesday.

Berkshire's Tab Nears $1 Billion

The new money follows Berkshire's $600 million investment in Bending Spoons' July 2026 IPO, bringing its cumulative commitment to nearly $930 million.

The mechanics: Bending Spoons will issue 10 million ordinary shares at $33 apiece through a private placement. That price is a nearly 13% discount to the company's Tuesday close of $37.86, which is the kind of deal you get when you show up with a billion dollars and a reputation.

The transaction makes Berkshire the sixth-largest investor in Bending Spoons, according to LSEG data cited by Reuters.

Feeding the Acquisition Machine

The capital boosts Bending Spoons' financial flexibility and its ability to chase attractive acquisitions, part of a broader financing strategy.

If you're not familiar with the company, its business is essentially buying digital businesses, transforming them and restructuring them. The portfolio spans software, digital media and online services, and it reads like a tour of internet history: Airtable, AOL, Brightcove, Eventbrite, Evernote, Tractive, Vimeo and WeTransfer.

Most recently, in September, the company announced it would acquire Miro, an AI-first workspace provider, for $1.355 billion.

There's plenty of dry powder to keep going. As of June 30, 2026, Bending Spoons held $793 million in cash and cash equivalents, plus $1.28 billion of available borrowing capacity under its revolving credit facility.

Co-founder and Head of Business Acquisitions Francesco Patarnello said the company continuously evaluates M&A opportunities and has a strong pipeline.

The investment also lands during a notable stretch for Berkshire, which is undergoing a leadership transition under CEO Greg Abel, who succeeded Warren Buffett earlier this year. In its second-quarter earnings in August, the conglomerate disclosed that its cash, cash equivalents and short-term U.S. Treasury bills holdings shrank to nearly $360 billion from nearly $391 billion at the end of March.

Price Action

Bending Spoons shares were up 48.78% at $56.33, while Berkshire Hathaway shares were up 0.40% at $522.66 at the time of publication on Wednesday, according to market data.