Berkshire Hathaway just announced an additional $330 million into Bending Spoons.
Bending Spoons S.p.A. Ordinary Shares (BSP) News
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last 30 daysSerial acquirer Bending Spoons takes inspiration from Berkshire Hathaway, it says. BSP stock soared. But watch this. The post Berkshire's New Bet, Bending Spoons, Is A Company Much Like Itself appeared first on Investor's Business Daily .
Shares of Bending Spoons surged as much as 55% after Berkshire Hathaway Inc. agreed to invest an additional $330 million in the Italian technology conglomerate. The investment brings Berkshire’s stake in Bending Spoons to 4% and gives Bending Spoons more capital to pursue…
The Milan-based company’s stock was skyrocketing Wednesday morning.
The Milan-based company said Berkshire made a fresh investment of $330 million after plowing $600 million into its July IPO.
Or: "How Berkshire Hathaway made a 55% profit in just one day."
Berkshire's latest investment follows the $600 million it invested in the company's IPO this July.
Shares of conglomerate that owns AOL and Vimeo jumped more than 40% on news of expanded investment before dropping back
This is becoming an intriguing basket of turnaround assets.
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