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Is Berkshire Hathaway's Greg Abel Is Changing the Script? Here's the Latest Tech Stock He Just Bought.
The Motley Fool·
Berkshire Hathaway, under CEO Greg Abel, has expanded its investment in Bending Spoons with an additional $330 million purchase, bringing its stake to 4%. Bending Spoons is an Italian holding company that acquires and improves underperforming tech companies like Vimeo, Evernote, and AOL. While the company shows strong growth (126% revenue increase in Q2), it carries significant debt ($4.09 billion net debt). Abel's move signals a willingness to venture into tech and international opportunities beyond Berkshire's traditional industries.
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