India, Oct. 14 -- Bending Spoons S.p.A. (BSP) shares surged 35 percent after a securities filing revealed that Berkshire Hathaway agreed to make an additional $330 million investment in the Italy-based software company.
Under the agreement, Bending Spoons will issue 10 million ordinary shares to Berkshire at $33 per share, with the transaction expected to close in the fourth quarter subject to customary conditions. The investment follows Berkshire's $600 million commitment when Bending Spoons went public on Nasdaq in July.
The latest deal will increase Berkshire's ownership in Bending Spoons to about 4 percent. Bending Spoons said the additional capital would strengthen its financial flexibility and support its acquisition strategy as it ...