If you don’t recall, rumors began spreading not too long ago about a possible agreement between Viewdle and Google for the former to be acquired by the latter. Well, those rumors were wrong… sort of. Motorola Mobility is actually the one that acquired the face recognition company, though as we all know Motorola now exists under the Google umbrella.
Viewdle specializes in facial recognition technology, and we all know that’s something that has become an important element of the current mobile market. The deal reportedly cost Motorola somewhere between $30 million and $45 million, and while that’s no pocket change to us common folk we’re sure Motorola finds this to be a value considering what it’s getting.
The only question that remains is how Motorola and/or Google will use the company. Is this a patent move, is this for Google+ and Android, or is there some other obscure plan? We won’t know for quite some time, but we’re sure there was a very good reason for it. [via TechCrunch]
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TAGS: acquisitions, stocks, Viewdle