News Summary

• Berkshire Hathaway has agreed to invest $330 million in Italian tech conglomerate Bending Spoons.
• The Nebraska behemoth will buy 10 million shares for $33 each, a 13% discount to Tuesday's closing price.
• Berkshire has a $1 trillion capitalization and had a $365 billion pile of cash at the end of June.
• Berkshire is famously a hands-off acquirer, offering founders the opportunity to cash out while continuing to run their businesses as they see fit.
• It has long offered a permanent home to businesses, emulating Berkshire's approach of taking more cash and using it to acquire more businesses.