MONTHLY DEAL BOOK: Satellites & Music Streaming Drive Investment To USD6bn In June

Satellites, music streaming and shopping topped the biggest investments in June, with OneWeb, Spotify and Wish all securing rounds worth around half a billion dollars in the past month to push total investment to USD6bn across 302 deals. Sweden’s Spotify picked up the biggest, at USD526m in a deal that values the company at USD8.5bn as it digs in for what’s set to be a gruelling battle with the newly-launched Apple Music. Read more of our recent analysis on Spotify, where we explore its model, strategy and prospects as the stakes continue to climb in global music streaming.