29 May '12, 4am

Facebook intends to buy for $100 Million

According to CNET.com,Facebook intends to acquire the premium domain name Face.com for $80 million to $100 million. Face.com is a facial-recognition technology company. "The technology made a splash in 2009 when it released Photo Tagger, a free third-party application for Facebook that uses facial recognition technology to automatically tag photos of people, as well as a recognition-based alert service for Facebook. In 2010, Face.com released an open API to the public that allows third-party developers to incorporate the technology in their apps," according to CNET . According to whois records the domain name owner is Vizi Labs Inc.Neither Facebook,nor Vizi Labs had confirmed or denied the rumor . It's possible Facebook to acquire Face.com,considering that the company hasn't had much trouble spending money.Facebook acquired the photo-sharing application Instagram in April ...

Full article: http://www.domainnews.com/en/facebook-intends-to-buy-face...

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