Meta considers a minority stake investment in EssilorLuxottica, European eyewear conglomerate.

Meta is in discussions with EssilorLuxottica to take a minority stake, potentially up to 5%, in the European eyewear conglomerate. The company, which owns Ray-Ban and Oakley, is valued at €88bn ($96bn). The talks are ongoing and may not result in an investment. Meta has been working on a line of augmented reality glasses in collaboration with EssilorLuxottica.