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June 18, 2012 08:57 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/35HP7lNkhJs/
Facebook Scoops Up Face.com For $55-60M To Bolster Its Facial Recognition Tech (Updated)
After about a month of speculation, Facebook has finally announced its acquisition of Israeli facial recognition technology Face.com.We've heard from multiple sources that the acquisition price was around $100m, with others reporting that the price was between $80m-$100m. This is absolutely not an acqui-hire, as Facebook will be taking full advantage of the company's technology and the advancements it's made on mobile -- perhaps to finally include mobile tagging options for photos.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/35HP7lNkhJs/
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