Meta in talks to take 5% stake in Ray-Ban owner

The Facebook owner is intensifying its push into smart glasses. File picture

Meta Platforms is in talks to take a minority stake in the maker of Ray-Ban sunglasses, as the Facebook owner intensifies its push into smart glasses.

Meta, which has collaborated with EssilorLuxottica on Ray-Ban / Meta smart eyewear, is considering a stake of more than 3% and as much as 5% in the luxury eyewear group, which would be valued at about €4.5bn at current prices, according to people familiar with the discussions, who asked not to be identified because the information is not public.