Meta is now reportedly considering buying a stake of around 5% in the firm behind leading eyewear manufacturer EssilorLuxottica. For information, the company is behind eyewear brands such as Ray-Ban, Oakley, Supreme, and a number of other brands.
For information, Meta was ready to cooperate in the production of Ray-Ban smart glasses before, and taking this stake is expected to allow Meta to better focus on the development of smart glasses.
Lately, various companies are looking at augmented reality or mixed reality technology through glasses. Meta is among the leading companies in this arena. This investment will also allow Meta to expand its offering of smart glasses faster than others, in addition to having a certain amount of expertise in the arena.
Regardless, it is reportedly still in the early stages of discussions, and there is a possibility that this takeover may not materialize. Let's all look forward to developments in this matter.