Berkshire Hathaway Poured Another $330M Into Bending Spoons — But It Paid a 40% Discount to Today's Market Price

Berkshire Hathaway's (BRK.A) (BRK.B) decision to invest an additional $330 million in Italian technology conglomerate Bending Spoons (BSP), bringing its total commitment to roughly $930 million and its ownership stake to 4%, sent BSP shares surging more than 41% in a single session — but the detail buried beneath that headline confidence is the stunning discount at which Berkshire actually bought in.

The conglomerate negotiated a private placement price of $33 per share, roughly 13% below the prior day's close and far below Wednesday’s close near $53, meaning Berkshire was already sitting on a paper gain exceeding 55% within hours of the deal's disclosure.