Berkshire Hathaway Pours Another $330,000,000 Into Software Company As Shares Surge 41%

Berkshire Hathaway (BRK.A/BRK/B) has agreed to pour another $330 million into Milan-based software operator Bending Spoons (BSP). The firm will buy 10 million newly issued ordinary shares at $33 apiece in a private placement, reports 24/7 Wall St. The latest outlay builds on a $600 million investment at the July initial public offering, bringing Berkshire’s combined commitment near $930 million at purchase prices and taking its ownership to about a 4% stake, says Bending Spoons.

Source: The Daily Hodl