In a deal that was widely anticipated, Facebook announced today that it has acquired facial recognition upstart Face.com. TechCrunch reports that the price tag was in the $100 million ballpark.

“Our mission is and has always been to find new and exciting ways to make face recognition a fun, engaging part of people’s lives, and incorporate remarkable technology into everyday consumer products,” Face.com wrote in a blog post. “If you’re anything like us, Facebook is a part of your life every single day.  We keep up with our friends and family, share interesting (or mundane) experiences from our daily lives, and perhaps most importantly for us, we share a LOT of photos.”

The purchase follows a string of deals by Facebook in recent months, including the nearly $1 billion acquisition of online photo sharing service Instagram. Like Instagram, Face.com offers a free iPhone app. Face.com’s Klik that automatically recognizes friends in photos so they can easily be tagged on Facebook.

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  • Guest

    Congratulations to Face on this successful exit! Perhaps Facebook could infuse Barnes & Noble with a little cash by buying “book.com” from the latter company.

  • dig

    “Update: We’re now hearing from a source familiar with
    the matter that the price was between $55 and $60 million, and that it
    was a mix of cash and stock. The exact value of the deal will be
    changing depending on the price of Facebook’s stock.”

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