Berkshire Hathaway puts another $330 million into Bending Spoons
Shares of the Italian tech firm jumped as much as 54% in early Wednesday trading after the news broke.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
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What happened
Berkshire Hathaway, the holding company founded by Warren Buffett and now led by Greg Abel, has agreed to invest $330 million more in Bending Spoons, an Italian tech company. The company announced the new investment, and its stock rose as much as 54% in morning trading on Wednesday.
Why it matters
The sharp rise in Bending Spoons shares shows strong investor reaction to the new backing from Berkshire Hathaway.
Coverage
- Bending Spoons stock soars on new Berkshire Hathaway investment (Yahoo News)
- Bending Spoons Surges on the Stock Market After Another Investment From Berkshire Hathaway (marketscreener.com)
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