Facebook Scoops Up Face.com For $100m To Bolster Its Facial Recognition Tech

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 $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.

Sections:  news   business   
RELATED ARTICLES
  • Microsoft Develops Set-Top Box
    Microsoft has been developing designs for a simple set-top device for streaming video and other entertainment options. More
  • Amazon may be working on a smartphone with hologram-like 3DAmazon may be working on a smartphone with hologram-like 3D
    Amazon is reportedly developing a smartphone that sports a 3D screen that relies on retina-tracking technology to make images seem to float above the screen like a hologram. With the smartphone, users would be able to navigate through content by using their eyes alone, according to two unnamed people who discussed the phone with the Wall Street Journal. More
  • YouTube launches pay channels with campy flicksYouTube launches pay channels with campy flicks
    Roger Corman's campy B movies, children's shows like "Sesame Street" and "Inspector Gadget," and inspirational monologues by celebrities — these are among the 30 channels that will require a paid monthly subscription on YouTube coming soon. More
BING NEWS:
  • Facebook Scoops Up Face.com For ~$100M To Bolster Its Facial Recognition Tech
    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 ...
    06/18/2012 - 9:47 am | View Link
  • 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 ...
    06/18/2012 - 5:35 am | View Link
  • More
BING SEARCH:
  • Business Technology News and Commentary
    Facebook's newest ad unit lets businesses promote events within users' news feeds. Here's what to expect.
    08/30/2014 - 8:03 pm | View Website
  • KJ Amsterdam
    And we’ve done it! Finally, Kangoo Jumps in Amsterdam is a fact. With all size M boots filled, the first group of 7 pupils inaugurated Mihaela’s very first ...
    08/30/2014 - 4:07 pm | View Website
  • Gates of Vienna
    After being taken down twice by Blogger within a single week, we got the message: It’s Time To Go. Gates of Vienna has moved to a new address:
    08/30/2014 - 4:00 pm | View Website
  • CNN Video
    Drink this daily and you may live longer. 'Affluenza' teen's father arrested. Parents turn in daughter for lewd texts
    08/30/2014 - 12:32 pm | View Website
  • Techmeme
    Blog tracking other technology blogs.
    08/30/2014 - 12:25 pm | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News