Today’s funding and acquisitions news roundup from across the web:

IT/Wireless

LightSquared Raises $265 Million To Build High-Speed Wireless Network (via TechCrunch)

eCommerce

Dealised Powers Group Buying Sites, Raises $6.5 Million (via TechCrunch)

Finance

GSR Ventures Raises Fourth China Fund at $350M (via TechCrunch)