Bending Spoons vs MacPaw

Berkshire Hathaway invests $330M in Bending Spoons

Berkshire Hathaway has invested over $900 million in Bending Spoons, a Milan-based software holding company, including a $330 million stake disclosed on Wednesday via a private placement of 10 million shares at $33 each. This follows a $600 million investment during Bending Spoons' IPO in July 2026, which raised about $1.7 billion at $29 per share. The market reacted positively, with shares surging up to 55% initially, though later stabilizing at a market cap of about $30 billion. Bending Spoons, known for acquiring struggling software startups at steep discounts, recently agreed to buy Miro for $1.36 billion and Airtable for $1.3 billion. The company reported Q2 2026 revenue of over $700 million and net income of $177 million. Co-founder Francesco Patarnello emphasized a strong M&A pipeline, with capital intended to enhance financial flexibility and pursue further acquisitions.

• Berkshire Hathaway has invested over $900 million in Bending Spoons, including a $330 million stake via private placement of 10 million shares at $33 each.
• Bending Spoons went public on Nasdaq in July 2026, raising about $1.7 billion at $29 per share.
• Bending Spoons' stock surged up to 55% following the announcement, valuing the company at around $31 billion initially, later settling near $30 billion.

Wiener Börse CEO: EU Super Exchange Exists, Lacks Market Depth

In a podcast interview, Christoph Boschan, CEO of Wiener Börse, discusses the debate over a new European stock exchange. He argues that the infrastructure for a 'super exchange' already exists, but the real problem is market depth. He notes that European tech companies like Bending Spoons prefer listing on the Nasdaq due to better access to capital, while US firms are financed through equity, Europe through debt. He suggests that pension policy, not market infrastructure, is the key lever to increase liquidity and attract listings. He also points to record levels of the ATX and the need for faster, tax-friendlier conditions in Europe.

• Christoph Boschan, CEO der Wiener Börse, sagt, die EU-Superbörse existiere bereits, aber es fehle an Markttiefe.
• European tech companies like Bending Spoons prefer listing on the Nasdaq.
• The US finances companies through equity, Europe through debt.

6-K Financial Filing Analysis for Bending Spoons (2026-09-10)

On September 10, 2026, Bending Spoons entered into a definitive merger agreement to acquire visual collaboration platform RealTimeBoard, Inc. (d/b/a Miro) through its subsidiary Bending Spoons US Inc. The all-cash transaction values Miro at an enterprise value of $1.355 billion and an implied equity value of approximately $1.79 billion including net cash. As part of the transaction structure, certain Miro shareholders agreed to reinvest $295 million of their proceeds into newly issued Bending Spoons equity. The deal is slated to close in Q4 2026, subject to customary regulatory approvals, with an outside termination date set for September 10, 2027.

• Bending Spoons agreed to acquire Miro (RealTimeBoard, Inc.) at an enterprise value of $1.355 billion and an equity value of approximately $1.79 billion in cash.
• Certain Miro shareholders will reinvest $295 million of their cash proceeds into newly issued Bending Spoons equity.
• The transaction is expected to close in Q4 2026, with an outside long-stop termination date of September 10, 2027.

MacPaw Launches Leebry to Help Overstretched Teams Automate Routine IT Work

MacPaw has launched Leebry, a new product aimed at helping overstretched teams automate routine IT work.

MacPaw partners with Liquid AI for on-device inference

MacPaw has partnered with Liquid AI to develop locally hosted AI capabilities for its apps and to enable on-device inference. The companies plan to build an on-device inference system called Elix and a local memory system to power a locally hosted version of MacPaw’s AI assistant Eney. MacPaw intends to prepare its SetApp subscription app store for AI apps, experiment with credit-based pricing for AI operations, and eventually make the on-device inference stack available to third-party developers while providing access to cloud models from providers such as Google. Liquid AI says it tailors model architectures to hardware to maximize on-device performance and supports model customization using user data.

• MacPaw partnered with Liquid AI to power its products with locally hosted AI models and to make the tech stack available to developers.
• Liquid AI is developing an on-device inference system called Elix and a local memory system for MacPaw’s locally hosted AI.
• MacPaw plans a locally hosted version of its AI assistant Eney and aims to enable offline assistants and agentic workflows.