CHARENTON-LE-PONT, France and MENLO PARK, Calif.—Facebook and Instagram owner Meta (NASDAQ: META) is reported to be in talks with EssilorLuxottica (Reuters: ESLX.PA) to purchase a small stake in the eyewear company, according to reports yesterday from the Financial Times, The Wall Street Journal and other leading financial publications that cited sources close to the companies. EssilorLuxottica declined to comment when contacted by VMAIL. Meta also declined, with a spokesperson saying “they had no comment on the speculation.” According to the WSJ report, “the talks are continuing and may not result in a deal.”

Meta has had a partnership with EssilorLuxottica to make Ray-Ban smart eyewear. The first generation Ray-Ban Stories smart glasses went on sale in 2021, with the newest generation of Ray-Ban glasses launched last October. The latest version of the glasses allows users to livestream what they see directly on both Facebook and Instagram. A third-generation of the Ray-Ban Meta glasses is expected to be ready for consumers in time for the 2025 holiday shopping season, according to the WSJ report.

Earlier this week, as reported in VMAIL, EssilorLuxottica acquired the Supreme brand from VF Corporation for $1.5 billion in cash and also acquired an 80 percent stake in Heidelberg Engineering.