Domains are important to large companies, and Facebook is no different. It has been rumoured from various sources that Face.com may be going up for sale to Facebook for something in the region of $100 Million.
It is unknown at this time whether this will actually take place, however many sources have explained that this could happen, after Facebook’s IPO and the amount of capital that has been raised. They tried deals before, but they always collapsed. Perhaps spending a billion dollars on Instagram makes Face.com realise that the team at Facebook are quite serious when they say they want to buy something.
The deal could be between $80 million and $100 million dollars.
Face.com is a Face Recognition technology developer based in Israel.
Facebook is already using the technology offered by face.com to have their images tagged. When you upload pictures on Facebook, you may notice that you sometimes get a screen come up asking you to confirm some already tagged people. These are usually right, because the recognition software allows older pictures to be compared to and a profile attached to that image.
By purchasing Face.com, this will open a lot of opportunities for Facebook to work with Face recognition technology in other ways.
Face.com Shareholder, a Russian search engine called Yandex, may be selling it’s stake in the company to Facebook. If Facebook can get other large stakes, then they will automatically own more of the company.
If the deal is done, the developers at Face.com will walk away with a great payout, known as a windfall.