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.

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