# Berkshire Hathaway invests over $900 million in Bending Spoons

Digest AI · Business & Funding · published 2026-10-17T12:00:01Z

Canonical: https://digestai.news/story/berkshire-hathaway-invests-over-900-million-in-bending-spoons

## Summary

Bending Spoons, an Italian holding company that owns software assets like AOL, Vimeo, and Evernote, has secured a major investment from Berkshire Hathaway. The deal includes a newly disclosed $330 million stake, bringing Berkshire's total investment in the firm to over $900 million. This move follows Bending Spoons' Nasdaq debut in June 2025, where it raised approximately $1.7 billion. The stock initially surged 41% on the news, though it later settled at a market cap of about $30 billion.

The company is actively acquiring established software firms at significant discounts due to the "SaaSpocalypse," a trend where AI is displacing traditional SaaS products. Recent deals include the purchase of Airtable for about $1.3 billion and Miro for $1.36 billion, both far below their peak valuations. Bending Spoons announced that a large portion of Airtable's pre-acquisition team would leave with separation packages, continuing a pattern of cost-cutting seen at other portfolio companies like Evernote and Vimeo.

Unlike traditional private equity firms that seek exits, Bending Spoons aims to generate long-term profits by integrating and optimizing its acquisitions. CEO Luca Ferrari stated that the strategy focuses on finding value in undervalued enterprise software. In its first public earnings report, the company reported revenue over $700 million, more than doubling year-over-year, with net income climbing 171% to $177 million. Analysts note that while the model is unproven, it offers a distinct alternative to the struggling private equity sector in the current AI-driven market.

## Key points

- Berkshire Hathaway invested over $900 million in Bending Spoons, including a new $330 million stake.
- Bending Spoons bought Airtable for about $1.3 billion and Miro for $1.36 billion, well below peak valuations.
- The company reported revenue over $700 million and net income of $177 million in its first public earnings report.

## Why it matters

Bending Spoons' strategy highlights a shift in the software industry where AI is devaluing traditional SaaS assets. By acquiring these companies at deep discounts and optimizing them for profit, the firm offers a new model for navigating the "SaaSpocalypse," potentially changing how legacy software is valued and managed.

## Sources

1. [Bending Spoons wants to revive software castoffs. Berkshire is backing the plan](https://cnbc.com/2026/10/17/bending-spoons-wants-to-revive-software-castoffs-berkshire-investing.html) (CNBC Technology, 2026-10-17)

## Cite

Digest AI, "Berkshire Hathaway invests over $900 million in Bending Spoons", 17 October 2026, https://digestai.news/story/berkshire-hathaway-invests-over-900-million-in-bending-spoons

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