Report: Meta Seeks Stake in Smart Glasses Partner EssilorLuxottica
ELEstée Lauder(EL) PYMNTS.com·2024-07-19 02:09

Meta is reportedly looking to buy a stake in its smart glasses partner EssilorLuxottica.The tech company is in talks to acquire a 5% stake in the eyewear maker, which owns the Ray-Ban brand, The Wall Street Journal (WSJ) reported Thursday (July 18), citing unnamed sources.A 5% stake could be valued at about 4.5 billion euros ($4.9 billion), according to the report.The talks may not result in a deal, the report said.Neither Meta nor EssilorLuxottica immediately replied to PYMNTS’ request for comment.The two ...