News

Meta, Ray-Ban and EssilorLuxottica

Meta Invests $3.5B in Ray-Ban, Oakley Maker to Create AI Smart Glasses
Meta has reportedly invested $3.5 billion in EssilorLuxottica, the eyewear company that owns Ray-Ban and Oakley. The two companies have been in partnership since 2020, collaborating on glasses featuring artificial intelligence technology.
Meta invests $3.5 billion in Ray-Ban-maker EssilorLuxottica
Meta deepens its AI wearables push with a $3.51 billion stake in EssilorLuxottica, aiming to expand smart glasses production and strengthen its superintelligence team.
EssilorLuxottica share price jumps on Meta’s 3% stake
Meta buys 3% stake in EssilorLuxottica, signaling deeper push into smart glasses as interest in AI wearables grows.
Meta acquires $3.5 billion stake in Ray-Ban parent co to build AI-powered smart glasses
Meta Platforms has acquired a minority stake in EssilorLuxottica, the parent company of Ray-Ban and Oakley, valued at approximately $3.5 billion. The deal represents nearly 3 per cent of the eyewear giant’s shares and reflects Meta’s continued interest in the AI-enabled wearables segment.
Meta Reportedly Invests $3.5 Billion in EssilorLuxottica, Further Strengthening Smart Glasses Partnership
It was rumored last year that Meta was seeking a minority stake in French-Italian eyewear conglomerate EssilorLuxottica, not only the largest eyewear manufacturer in the world, but also Meta’s partner behind its growing line of smart glasses.
Meta Buys $3.5 Billion Stake in Ray-Ban Maker
According to a new report, the social media giant has purchased just under a 3% stake in EssilorLuxottica — the parent company of Ray-Ban
Meta Invests $3.5 Billion in Ray-Ban Parent EssilorLuxottica to Fuel AI Glasses Push
Meta deepens its AI glasses push with a $3.5B investment in Ray-Ban's parent company, EssilorLuxottica, while poaching top talent from Apple and OpenAI.
Meta Takes Minority Stake in Maker of Ray-Ban Glasses
Meta Platforms has bought a minority stake in EssilorLuxottica SA, the maker or Ray-Ban glasses. The stake could grow to around 5% according to people familiar with the matter. The companies have been working together to build AI-powered smart glasses.
Ray Ban-maker EssilorLuxottica shares climb on Meta stake report
Shares of Essilorluxottica climbed in early Wednesday trade after reports Meta has acquired an almost 3% stake in the luxury eyewear maker.
Meta Buys Stake in Ray-Ban Parent EssilorLuxottica to Boost AI Wearables Push
The investment represents nearly 3% of the eyewear company's shares and signals Meta's growing interest in AI-powered wearable technology.
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