Why Berkshire Hathaway is betting nearly $1 billion on Bending Spoons

Source: Business Insider

Warren Buffett is the former CEO and chairman of Berkshire Hathaway. Paul Morigi/Getty Images for Fortune/Time IncBerkshire Hathaway is set to invest $330 million in Bending Spoons, adding to its previous $600 million. Warren Buffett's storied conglomerate is poised to hold a 4% stake in the owner of AOL and Vimeo.