This was very much expected and we now have a confirmation.
Facebook has acquired Face.com.
Face.com provide technology used for recognizing faces in photos.
Facebook is likely to use their tech to offer improved facial recognition features on their own platform.
Apple and Google already have their own tech. Facebook has also working on a similar tech though this acquisition would give them a solid boost.
Face.com spoke about the acquisition deal:
By working with Facebook directly, and joining their team, we’ll have more opportunities to build amazing products that will be employed by consumers – that’s all we’ve ever wanted to do. :)