Jennifer Van Grove
June 19, 2012
Facebook has purchased facial recognition startup Face.com, the companies announced Monday morning.
“People who use Facebook enjoy sharing photos and memories with their friends, and Face.com’s technology has helped to provide the best photo experience,” a Facebook spokesperson told VentureBeat. “This transaction simply brings a world-class team and a long-time technology vendor in house.”
Terms of the deal were not disclosed, but previous reports pegged the acquisition price at between $80 million and $100 million. The deal, which is still pending, is expected to close within the coming weeks.