Facebook rumoured to buy Face.com for upto $100 million

The latest rumour circling Facebook and its wallet is a potential acquisition of facial recognition service, Face.com. Israeli publication, Calcalist reports that the social networking giant is looking to buy the service and Newsgeek reports that the deal could could be between $80 million and $100 million. It's still in speculation stage and The Next Web reports that when they reached out to Face.com CEO, Gil Hirsch, he said, "There is nothing new to share". While this statement does not confirm an acquisition, it doesn't deny it either. The two companies have allegedly had meetings over the past few years to discuss an acquisition, but Face.com always turned down offers because of the low price that Facebook was paying. Click here for full story