Bending Spoons, an Italian holding company, acquires struggling software firms like Airtable and Miro at steep discounts, leveraging Berkshire Hathaway’s $900M+ investment. The company, inspired by Berkshire’s long-term strategy, prioritizes operational efficiency and profitability over resale, unlike traditional private equity. Recent layoffs at acquired firms reflect its cost-cutting approach amid the AI-driven 'SaaSpocalypse,' where legacy software faces declining valuations. Revenue surged to $700M in Q2 2026, driven by acquisitions, though long-term customer retention remains critical as AI reshapes the sector.
Berkshire Hathaway adds $330M to its investment in Bending Spoons, bringing its stake to 4% after investing $600M during the company’s July IPO. Shares in the conglomerate, which owns AOL and Vimeo, jump more than 50% following the expanded investment by the Nebraska asset manager.
