US Stock Market Move | Berkshire Adds $330 Million Investment; Bending Spoons (BSP.US) Surges Over 37% in Early Trading

On Wednesday, Bending Spoons (BSP.US) surged over 37% in early trading, approaching a record high since its listing, now at $52.14. On the news front, it was reported that the company received an additional $330 million investment from Berkshire. This investment brings Berkshire's stake in Bending Spoons to 4%, just three months after it backed the company's initial public offering (IPO). Berkshire's investment provides Bending Spoons with more funds for acquisitions, as the Milan-based company continues to expand its digital business portfolio. Berkshire previously invested $600 million in Bending Spoons' July IPO. Bending Spoons said in a statement on Wednesday that it will issue 10 million common shares to Berkshire through a private placement at $33 per share. The transaction is still subject to customary closing conditions.