Meta is negotiating to acquire a 5% stake in EssilorLuxottica, potentially worth 4.33 billion euros ($4.73 billion), to gain more control over the Ray-Ban smart glasses' development. This comes as EssilorLuxottica’s shares rose 6% and Meta’s stock increased 2.3% following the news. The latest Ray-Ban Meta smart glasses, featuring advanced tech, have seen strong sales, with future models expected by the 2025 holiday season. Neither company has commented on the deal.