Why Warren Buffett's Berkshire Hathaway is betting nearly $1 billion on Bending Spoons - Business Insider — SkimNews
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- Berkshire Hathaway has piled $930 million into Bending Spoons since the company's IPO, a stake approaching nearly $1 billion.
- Bending Spoons is characterized as "software's new consolidator" by CNBC, which frames the Berkshire investment as a big vote of confidence in the firm.
Why it matters: A roughly $930 million position from Berkshire Hathaway — one of the market's most-watched investors — since Bending Spoons' IPO represents a large-scale public endorsement of the company's software-consolidation strategy, a concrete figure investors can weigh against their own allocation decisions.
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