Meta* is in talks to buy a 5% stake in eyewear maker Ray-Ban. If the acquisition goes through, it will help deepen the partnership between the companies.
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Meta* plans to buy 5% of eyewear maker Ray-Ban
The Financial Times’ sources are not sure whether the deal will go through. Bloomberg’s interlocutors estimate the purchase value at around 4.5 billion euros (about 5 billion dollars).
EssilorLuxottica is a French company, the largest manufacturer of eyewear in the world. It owns more than 150 brands, including Ray-Ban, Oakley and Essilor.
The companies have been collaborating for several years: in 2021, Meta* and Ray-Ban launched their first smart glasses and updated them in 2023. With their help, you can take photos, record videos and share content, as well as post photos to Stories.
*recognized as extremist and banned in Russia.
Author:
Karina Pardaeva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
