Russian search engine Yandex may sell its share of to Facebook
Image Credit: Face

Facebook’s rumored interest in purchasing facial recognition startup may become a reality thanks to some help from an unlikely source.

Russian-based search engine Yandex is said to be mulling the sale of its share in to the social giant, according to Russian newspaper Vedomosti (Google Translate). Yandex, along with investment firm Rhodium, invested $4.3 million in the startup for a 18.4 percent stake of and an arrangement to add Yandex’s CEO Arkady Volozh to its board of directors.

Yandex is interested in a combination of cash and Facebook stock for its stake in, according to Vedomosti’s report.

Earlier reports indicated that Facebook was willing to spend upwards of $100 million on the startup. is an Israeli-based company that specializes in facial recognition technology. VentureBeat speculated that the deal would make sense, considering how well it would fit into Facebook’s overall mobile strategy.

We’re reaching out to both Facebook and Yandex for further comment, and will update the post with any new information.

Via Gigaom; Image via

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