Form 144 Meta Platforms, Inc. Filed by: Newstead Jennifer

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Meta Platforms exploring stake in Ray-Ban maker EssilorLuxottica - reports

July 18, 2024 9:10 AM EDT

According to reports from the Financial Times and Wall Street Journal on Thursday, Facebook owner Meta Platforms (NASDAQ: META) is assessing a potential multibillion-euro investment in eyewear group EssilorLuxottica.

Citing people with knowledge of the matter, the WSJ said the social media platform is in talks to purchase around a 5% stake in the company as it strengthens its push to develop smart glasses.

However, it... More