Berkshire Hathaway Backs Bending Spoons' Plan to Revive Forgotten Software

Bending Spoons, the Italian software company, has received a notable vote of confidence from Berkshire Hathaway, less than four months after it started trading as a public company. The endorsement gives the company a high-profile backer just as investors look for evidence that its model can hold up under public-market scrutiny.

The company's approach is to acquire software products that their previous owners have stopped investing in. Those products often have aging code, shrinking user bases or little active development. Bending Spoons rebuilds them, trims costs and consolidates teams, then works to put the products on a more sustainable footing. The playbook has been applied to a number of well-known consumer and productivity apps, and the firm has built its reputation on taking on products that others had written off.

Berkshire Hathaway is known for holding stakes in businesses it expects to perform over long periods, so its involvement is often read by investors as a sign of credibility. For Bending Spoons, that signal could matter as it works to show that a strategy built on acquisitions and turnarounds can produce steady results for shareholders, not just for private investors.

The report this article is based on does not spell out the size or terms of Berkshire's backing. Readers who want those details should check the company's public filings and any disclosures from Berkshire Hathaway before drawing conclusions about how much capital is involved or how it is structured.