Smart glasses
Meta examines entry into EssilorLuxottica
The Facebook parent company Meta is apparently considering acquiring a stake in the eyewear group EssilorLuxottica. There have been talks about acquiring a small stake in the French-Italian eyewear group, which is currently valued at 87 billion euros.
Both the "Financial Times" and the "Wall Street Journal" reported this on Thursday, citing informed persons. According to the latter, a stake of around five percent is involved. This could cost Meta around 4.5 billion euros.
The talks are ongoing and there is no guarantee of an agreement, the newspapers reported further. According to the Financial Times, EssilorLuxottica and Meta did not wish to comment on the information.
Smart glasses
Meta already has a partnership with EssilorLuxottica for Ray-Ban smart glasses. According to the latest statements by EssilorLuxottica CEO Francesco Milleri, the latest version of the glasses, called Ray-Ban Meta, exceeded expectations and sold more units in just a few months than the previous model did in two years.
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