dcsimg

Facebook Scoops Up Face.com

SHARE
Share it on Twitter  
Share it on Facebook  
Share it on Google+
Share it on Linked in  
Email  

TechCrunch: Facebook has announced that it will purchase Israeli facial recognition company Face.com. The companies did not reveal the acquisition price. Several media outlets are reporting that Facebook paid between $80 million and $100 million; TechCrunch's sources say the actual price will be between $55 million and $60 million in a cash and stock deal.

Facebook will likely use Face.com's technology to improve its photo-tagging capabilities and possibly to add mobile photo-tagging capabilities.

Submit a Comment

Loading Comments...

NewsletterDATAMATION DAILY NEWSLETTER

SUBSCRIBE TO OUR IT MANAGEMENT NEWSLETTER