A roundup of today’s big stories in hyperlocal media, technology, advertising and startups.
LivingSocial, the number two player after Groupon in the booming daily deals market, has selected three Wall Street banks to underwrite its initial public offering. Bank of America’s Merrill Lynch division, Deutsche Bank and J.P. Morgan Chase will lead the IPO, which is expected to raise $1 billion. (PaidContent)
More than 10,000 developers behind some of the hottest apps on the iPhone, iPod Touch and AndroidOS-based smartphones are using Foursquare’s application programming interface to tap into its location and places database, the company says. (GigaOm)
Online local media company Local.com this morning announced that it has acquired Screamin’ Media Group, the company behind daily deals site Screamin’ Daily Deals, for $12.5 million in cash, stock and debt. (TechCrunch)
Picksie is a location-based discovery platform for iPhone and iPad that shows you what’s going on around you now, introducing places and activities before you search for them. (Mashable)
LivingSocial will expand Instant Deals into San Francisco next week — its third market for the service. (Mashable)
A new site called LevelUp believes it has a way for restaurants, nail salons and other local businesses to keep people coming back. To drum up repeat business, the company offers consumers a series of three deals, each better than the one before. (Associated Press)
It’s important for hyperlocals to retain control of their publishing and distribution, writes Dave Winer. Big tech companies are just now beginning to realize that their platforms have a role to play in the future of news, and bigger publishers are jumping in with offers — resist. (Scripting.com)