Meta Acquires Stake in EssilorLuxottica, Parent Company of Ray-Ban and Oakley

Reported about 23 hours ago

Meta Platforms has purchased nearly 3% of EssilorLuxottica, the parent company of Ray-Ban and Oakley, for approximately $3.5 billion. This investment strengthens their ongoing collaboration on smart glasses, which started in 2019, and aims to enhance wearable technology offerings, including features like live translations and AI connectivity.

Source: YAHOO

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