Berkshire Hathaway Boosts Stake in Italian Software Firm Bending Spoons
Warren Buffett's conglomerate invested an additional $330 million in the Milan-based company, increasing its holdings to 4%.
Business & Markets • 2 hours ago
Berkshire Hathaway has increased its investment in Bending Spoons, a software company based in Milan, Italy. The conglomerate, led by Warren Buffett, has made a fresh investment of $330 million in the company.
This latest investment follows an initial $600 million stake Berkshire Hathaway took in Bending Spoons during its initial public offering in July. The total investment now represents a 4% ownership in the Italian firm. Bending Spoons is known for developing a suite of mobile applications, including photo and video editing software.