Facebook buys facial-recognition tech company

3:38 PM, Jun 18, 2012   |    comments
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NEW YORK (AP) - Facebook is buying Face.com, a facial-recognition technology company that helps people tag photos on the Web by figuring out who is in them. Face.com says that by working with Facebook directly it will have more opportunities to develop technology that people will use.

The Israeli company announced the acquisition on its blog on Monday. Financial terms were not disclosed.

Face.com did not say whether its website will continue to run after the acquisition. Facebook commonly shutters sites that it acquires and folds in their employees to its work force. So far, Instagram, which it's buying for nearly $1 billion, has been the only exception.

In a statement, Menlo Park, Calif.-based Facebook confirmed the deal but declined to elaborate on the terms or plans for the company.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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