Facebook (Rumored) to Buy Face.com

Over the weekend rumors began to swirl that Facebook was looking at spending about $100 million to buy Israeli startup Face.com, to access its clever face recognition technology. Now it’s suggested via GigaOm that the momentum for the deal is actually in Russia’s search engine leader Yandex, which invested in Face in 2010, may be looking to sell its large stake in the company for a combination of cash and Facebook stock.  Continue reading →