Facebook bought startup Face.com

Facebook talks on buying a Face.com startup that recognizes faces in a photo are over (articles on Habré on Face.com are here , here and here ). Representatives from Face.com said the deal would open up “new opportunities” for them in product development. No Facebook comments yet.

The amount of the transaction has not been publicly disclosed, but according to Techcrunch estimates, it amounted to 55-60 million dollars.
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It is noteworthy that in 2010, an Israeli startup Face.com received $ 4.3 million from the Rhodium fund and Yandex. Yandex thus received an 18.4% stake in Face.com, and the general director of Yandex, Arkady Volozh, became a member of their board of directors. Thus, after the completion of the transaction, Yandex can earn $ 14.7-18.4 million for its stake in Face.com

UPD Updated deal price