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May 29, 2012 07:27 pm GMT
The purchase of Face.com by Facebook is happening and is a done deal, say multiple TechCrunch sources.Those familiar with the matter have confirmed the price will be $100m, as per the media speculation in the last few days. So far Face.com itself has declined to comment. CEO Gil Hirsch told us via email today "I have nothing to announce." However, among our sources, one told us "Yes, the wheels are in motion on the deal". We understand lawyers are huddling over the details of the deal right now but the acquisition is agreed.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/sK0kkpO6LYQ/
Face.com Is Definitely Being Acquired By Facebook Say Sources
The purchase of Face.com by Facebook is happening and is a done deal, say multiple TechCrunch sources.Those familiar with the matter have confirmed the price will be $100m, as per the media speculation in the last few days. So far Face.com itself has declined to comment. CEO Gil Hirsch told us via email today "I have nothing to announce." However, among our sources, one told us "Yes, the wheels are in motion on the deal". We understand lawyers are huddling over the details of the deal right now but the acquisition is agreed.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/sK0kkpO6LYQ/
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