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
BING NEWS:
  • Facebook buys Face.com, bringing facial recognition in-house
    “Our mission is and has always been to find new and exciting ways to make face recognition a fun, engaging part of people’s lives, and incorporate remarkable technology into everyday consumer products,” Hirsch wrote. Face.com has raised $5.8 million ...
    06/19/2012 - 12:42 am | View Link
  • 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 - 9:53 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 - 8:05 am | View Link
  • More
BING SEARCH:
  • NowThis News
    NowThis News ... NowThis Media
    11/23/2014 - 1:55 pm | View Website
  • Home | USA News.com
    News.net is the world's largest online News Network providing up-to-the-minute world, national and local news, as well as the latest sport, business, entertainment ...
    11/23/2014 - 8:33 am | View Website
  • Topic Galleries
    News, Photos and Information about Chicago Tribune ... Darren Wilson, the police officer who shot and killed teenager Michael Brown three months ago, is unlikely to ...
    11/23/2014 - 8:04 am | View Website
  • Health News & Articles | Healthy Living
    Get the latest health news from Dr. Richard Besser. Here you'll find stories about new medical research, the latest health care trends and health issues that affect ...
    11/23/2014 - 3:18 am | View Website
  • Techmeme
    Blog tracking other technology blogs.
    11/22/2014 - 11:07 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