Reportedly, Meta has negotiated to acquire a 5% stake in EssilorLuxottica, a well-known producer of eyewear under various brands including Ray-Ban, with whom Meta is already a partner in producing the smart Ray-Ban Meta Smart Glasses.
The value of the 5% stake in EssilorLuxottica is around 4.33 billion euros or approximately 1.7 trillion baht, calculated based on the market value at the stock price of the company.
It is anticipated that Meta aims to hold shares in EssilorLuxottica to collaborate in shaping the direction and controlling the production plans of smart glasses to align with their vision of advancing their metaverse services.
EssilorLuxottica is an Italian-French company formed through a merger between Essilor and Luxottica.
Source: Channel News Asia
TLDR: Meta is in talks to acquire a 5% stake in EssilorLuxottica, a prominent eyewear producer, to influence the production of smart glasses and enhance their metaverse offerings.
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