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RumorTT: Facebook to acquire facial recognition tech startup Face.com for up to $100 million

RumorTT: Facebook looking are scooping up Face.com, a facial recognition startup, for $100 million

| Business, Financial & Legal News | Posted: May 29, 2012 2:29 am

Even though Facebook are hurting right now post-IPO, where they've seen a huge drop in their share prices since the IPO went live last week, the fresh rumor is that the social networking site is looking to purchase face recognition technology company Face.com.

 

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Tech news blog Newsgeek reports that the deal could be as large as $80-$100 million. Of course, this is all rumor right now, but Facebook are flush with cash right now thanks to the IPO, and $100 million isn't that big of a deal to them.

 

The rumors of Facebook building a phone would definitely gel with the rumors of the company buying a facial recognition startup. Face.com, founded in 2007, offers accurate facial recognition software that could help Facebook users identify people in photos faster, both on desktops and mobile.

 

The Israeli startup also built a popular Facebook application called Photo Tagger, which like the name describes, lets you scan your (or your friends') photo albums for known faces. The company have also launched a mobile facial recognition app for iOS called KLIK.

NEWS SOURCES:Thenextweb.com

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