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Benzinga
Benzinga
Business
Ananya Gairola

Mark Zuckerberg-Led Meta Acquires Nearly 3% Of Ray-Ban, Oakley Parent EssilorLuxottica In $3.5 Billion Deal: Report

EssilorLuxottica Oakley Meta Nasdaq RayBan
Menlo,Park,,Usa,,May,5,,2023:,Meta,Corporation,Headquarters,Glass

Mark Zuckerberg-led Meta Platforms Inc. (NASDAQ:META) has reportedly acquired a minority stake in EssilorLuxottica (OTC:ESLOF).

What Happened: Meta has acquired nearly 3% of EssilorLuxottica, the French-Italian eyewear giant behind brands such as Ray-Ban and Oakley, reported Bloomberg on Tuesday, citing people familiar with the matter.

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