Berkshire Hathaway puts another $330m into Bending Spoons
The deal lifts Berkshire’s stake to 4% and sent Bending Spoons’ shares up 41% that day. A co-founder says the money gives the company more room to buy businesses.
Via TNW | Investors-funding
Berkshire Hathaway is buying 10 million new Bending Spoons shares at $33 each. The Milan-based company announced the deal on 14 October. The $330m private placement adds to the $600m Berkshire invested at Bending Spoons’ Nasdaq listing in July.
The two investments give Berkshire a 4% stake, Bending Spoons said. Its businesses include AOL, Vimeo, Evernote, Eventbrite, WeTransfer and Airtable. The deal still has to meet customary closing conditions. More details will follow in a filing with the US Securities…
Courtesy
This story was originally published by TNW | Investors-funding. All rights belong to the original publisher.
Read the original on thenextweb.com ↗