EssilorLuxottica SA said Meta Platforms Inc. is planning to buy a stake in the world’s biggest eye-wear maker, a deal which would see the US tech giant stepping up its push into smart glasses. Meta CEO Mark Zuckerberg delivers a speech, as a pair of Ray-Ban smart glasses appear on screen, during the Meta Connect event at the company's headquarters in Menlo Park, California. The two companies have already been working together for years, and presented their first Ray Ban-Meta smart glasses in 2021. Milleri added Thursday that if the US firm decides to invest, it will have to buy shares on the market. He didn’t elaborate on the size of the stake Meta may buy and on the timing of the purchase.

Source: Hindustan Times July 26, 2024 18:08 UTC