Sunday, July 10, 2011

LivingSocial Seeks $1 Billion IPO

LivingSocial, the social shopping business, is seeking to raise about $1 billion from an initial public offering, valuing the Web firm at between $10 billion and $15 billion, the Wall Street Journal reports.

The company has chosen three banks—Bank of America Merrill Lynch, Deutsche Bank AG and J.P. Morgan Chase & Co.—as the lead underwriters for the IPO.

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AI Will Improve Productivity, But That is Not the Biggest Possible Change

Many would note that the internet impact on content media has been profound, boosting social and online media at the expense of linear form...