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.

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    After about a month of speculation, Facebook has finally announced its acquisition of Israeli facial recognition technology Face.com. We’ve heard from ...
    06/18/2012 - 12:32 pm | View Website
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