Multinational Internet corporation Yahoo Inc. has acquired content delivery network startup PeerCDN for an undisclosed sum. PeerCDN technology improves website speeds at lower bandwidth costs.

Payments giant PayPal announced its acquisition of San Francisco-based mobile app developer StackMob for an undisclosed sum to help improve its mobile payments apps and services.

New York-based venture capital firm Zelkova Ventures and several angel investors have committed $2 million in seed funding for North Brooklyn on-demand laundry startup FlyCleaners.

Massachussetts, US-based mobile data analytics firm Trinity Pharma Solutions announced raising $15 million in a growth round led by Health Enterprise Partners for its expansion in New Jersey and California.

German Efromovich, the owner of Colombian flag carrier Avianca, is reportedly looking to acquire Italian airline Alitalia or Polish flag carrier LOT Polish Airlines. Efromovich seeks to boost his presence in Europe.

Activist investor Barington Capital Group said that Darden Restaurants Inc., the operator of Olive Garden and Red Lobster restaurant chains, could be worth $71 to $81 per share. Barington recommends that Darden split into two companies.

British retailer Tesco said it had applied with India's Foreign Investment Promotion Board to acquire a 50% stake in a joint venture with Tata Group. Tesco intends to invest $110 million in the partnership.

French power company GDF Suez has purchased a 74% stake in a 1,000 megawatt coal-based power project owned by India's Meenakshi Energy and Infrastructure Holdings for an undisclosed sum.

Al Waha Capital, AerCap's largest shareholder with a 26.3% stake, is in favor of the Dutch aircraft leasing company's $5.4 billion acquisition of International Finance Corp. ILFC is owned by American International Group.

Norway-based oil company Statoil ASA (STO) said on Tuesday it has decided to invest in the Shah Deniz gas field development in Azerbaijan, together with its consortium partners.

Istithmar World, a subsidiary of state-owned conglomerate Dubai World, has sold its 50% stake in Fontainebleau Miami Beach to Florida-based developer Turnberry Ltd. for an undisclosed sum.

Tokyo, Japan-based firms ITOCHU Corp and ITOCHU Textile Prominent Ltd have finalized a deal with Fenix Group Holdings Ltd to invest in ASF Limited, an intermediate holding firm under the sponsorship of Fenix.

Philippine conglomerate Ayala Corp has bought 140 million common shares of Mitsubishi Corp's equity in Manila Water Company Inc for PHP2.8 billion, according to an emailed statement.

The Metropolitan Transit Authority has selected Westfield Group to lease out stores at the Fulton Street Transit Center. This would make the Australian shopping center owner a dominant retail landlord in lower Manhattan.

Chicago-based tutoring services provider WyzAnt has received $21.5 million in a Series A funding round from Accel Partners to expand its services and develop new digital tools for student-tutor interaction.

As part of a $1.3-billion investment in five US plants, General Motors (GM) is pouring in $600 million in its oldest assembly plant in Flint, Michigan, to set up a state-of-the-art paint facility and other upgrades.

Canadian dairy firm Saputo Inc, following a probe by Australia's Takeover Panel, said that it will raise and extend its takeover offer for Warrnambool Cheese and Butter Factory Holdings Co.

Virginia-based business development company Gladstone Capital Corporation invested $5.5 million in debt and equity to acquire Minnesota-based steel container supplier Behrens Manufacturing LL, with the participation of co-investor Gladstone Investment Corporation.

The Delaware Supreme Court on Monday dismissed Cooper Tire & Rubber Company's appeal against an earlier court ruling favoring Indian tire maker Apollo Tyres Ltd. The two companies went on trial in November over the stalled merger deal.

US antitrust regulators gave the green light to Gannett Co. Inc.'s $1.5 billion purchase of Belo Corporation as long as the deal excludes St. Louis television station KMOV-TV.

Australian natural gas giant APA Group entered an agreement to acquire the rest of distribution firm Envestra Ltd after increasing its offer to around AU$1.4 billion ($1.3 billion).

Shareholders of Italian telecom company Telecom Italia are were said to vote this week on whether or not to oust its current board. Rebel investor Findim Group on Monday proposed candidates for Telecom Italia's new board.

Texas-based sales analytics firm PROS wants to boost its price-recommendation capabilities by acquiring San Francisco-based predictive analytics company SignalDemand in a deal valued at $13.5 million.

San Francisco-based motivational startup Pact has raised $1.55 million in a recent funding round to develop its mobile apps that help users hit health goals through monetary stakes.

Australia-based agricultural firm Ruralco Holdings Ltd will raise $25 million for the company's growth through a fully underwritten institutional placement that prices its shares at $3.25 apiece.

The Weinstein Company and Miramax Films said in a joint statement that they have entered a multi-year deal to co-produce films, TV shows and live stage shows to be released in the United States and internationally.

Ireland-based e-commerce fraud prevention startup Trustev added a $500,000 investment from Notion Capital to its recently closed $3-million seed round to capitalize on the booming e-commerce.

Spain's bank restructuring fund FROB on Monday announced that it had received six binding offers for a majority stake in bailed-out bank NCG Banco. Banks and private equity firms from Spain, Venezuela and US reportedly eye the NCG stake.

E-commerce giant Amazon may have quietly bought Silicon Valley-based mobile payments startup Gopago for an undisclosed amount for a new "ambitious" project, according to Italian newspapers.

Natural gas exploration and production company Rice Energy Inc. on Monday filed with the US Securities and Exchange Commission for an initial public offering of its common stock. Rice Energy seeks to raise $800 million in the deal.