Happy Monday! Well here you have it, Facebook will soon have the ability to recognize your face. Looks like they have just acquired the technology to do so with another acquisition.
From the article:
After rumors of a deal have swirled for weeks, Facebook has officially acquired facial recognition technology company Face.com.
It’s a complete acquisition, which means both talent and technology will now become Facebook’s in the deal. Though the exact terms of the deal were not disclosed, other outlets have reported the price in the neighborhood of $100 million. However, I’m hearing from two sources familiar with the terms of the deal that Face.com actually sold for a significantly lower amount, approximately $55 to $60 million in cash and stock (though it is unclear if this price is with or without an earnout included).
Read the rest of the story here:
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