Despite the fact Facebook has struggled with its IPO the company has announced to acquire the Israel based startup, Face.com.
The acquisition will include the 11 men team of Face.com and the technology it uses to tag and identify photos on which is integrated into FB. Neither of the involved parties has disclosed the terms of this deal which is expected to close in next few weeks. But the $80m to $100m are expected to be spent in this acquisition by Zuckerberg’s company.
Face.com “makes standalone applications that consumers can use to help them identify photos of themselves and of their friends on Facebook, as well as providing the technology that Facebook has integrated into its service.”
Facebook is growing baby!
Source: Reuters
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