Deals
Meta Eyes Stake in Maker of Ray-Ban in Smart Glasses Push
- Meta has collaborated with EssilorLuxottica on smart glasses
- Mark Zuckerberg has invested heavily to develop the metaverse
Ray-Ban Meta Smart Glasses 2nd generation in San Francisco.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Meta Platforms Inc. is in talks to take a minority stake in the maker of Ray-Ban sunglasses as the Facebook owner intensifies its push into smart glasses.
Meta, which has collaborated with EssilorLuxottica SA on Ray Ban-Meta smart eyewear, is considering a stake of more than 3% and as much as 5% in the luxury eyewear group, which would be valued at about €4.5 billion ($4.9 billion) at current prices, according to people familiar with the discussions, who asked not to be identified because the information is not public. There is no guarantee that an investment will take place, they said.