Facebook’s $100M Face.com deal official
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Facebook and Face.com have finally made an official announcement regarding their much rumored acquisition deal after nearly a month of speculation. The two companies did not disclose the cost of the deal, but insider sources previously revealed that the deal should cost Facebook about $100 million.
Israel-based Face.com specializes in mobile face recognition technology, which could be integrated into Facebook in such a way so that users can easily upload and tag photos while on the go. This feature would certainly help boost Facebookâs mobile offering, which the company is apparently hard at work to improve. »read more
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