Meta in talks to buy 5% stake in Ray-Ban maker EssilorLuxottica, WSJ reports
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Meta Platforms exploring stake in Ray-Ban maker EssilorLuxottica - reports
July 18, 2024 9:10 AM EDTAccording 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
