Facebook (FB +5.8%) has acquired Face.com, the latter company announces on its blog. Facebook is...

|About: Facebook (FB)|By:, SA News Editor

Facebook (FB +5.8%) has acquired Face.com, the latter company announces on its blog. Facebook is likely interested in both Face.com's Photo Tagger facial-recognition app, which can be applied to the billions of pictures being uploaded by Facebook users, and its valuable domain name. A May rumor about the acquisition indicated a price tag of $80-$100M. Yandex (YNDX +6.4%), which owns a stake in Face.com, appears to be rallying on the news.