Berkshire invests $930 million following Bending Spoons IPO
BRK-B Berkshire Hathaway Inc
$532.02 +1.21%
View chart & analysis → - 1Berkshire Hathaway has invested a total of $930 million in Italian Milan-based tech firm Bending Spoons (BSP) following its IPO.
- 2It invested $600 million in the July IPO and an additional $330 million in a private placement to secure a 4% stake, with the private placement price set at $33 per share.
- 3Bending Spoons acquires software companies to improve operations and collect cash flows, while also carrying a net debt of $4.09 billion.
So what's the key point?
Berkshire invested $930 million in Bending Spoons, a company that buys software firms, and now holds a 4% stake. While the company is increasing its earnings, it also has $4.09 billion in debt.
Source The Motley Fool +1 · View original ↗
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