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Tencent Music Entertainment Group V.TME


Primary Symbol: TME

Tencent Music Entertainment Group is a holding company mainly engaged in the provision and operation of online music entertainment platform. The Company is mainly engaged in the provision of online music services, social entertainment services and other services. The Company operates four major product brands, QQ Music, Kugou Music, Kuwo Music and WeSing, through which the Company provides online music and social entertainment services to address the music entertainment needs of audience in China. The Company also offers Lazy Audio, the dedicated long-form audio app as a complement to the flagship music-centric product portfolio. The Company is also engaged in the sales of music-related merchandise, the provision of services to smart device and car manufacturers and ticketing services for online music events. The Company mainly conducts its businesses in domestic and overseas markets.


NYSE:TME - Post by User

Post by constructionsiteon Aug 12, 2015 11:28am
237 Views
Post# 24010819

Arbitrage opportunities

Arbitrage opportunities
LSG has climbed 6.4% as of this post, up 7 cents to 1.16, and with very few shares on the ask, so this may climb further throughout the day/week.

If you believe the TME-LSG deal is going through, then there is pretty easy money to be made on the arbitrage.  1.16*.105=0.1218, but TME is trading at .115.

IMO the only way the deal won't go through is if, as others have suggested, a better one comes along in the next few weeks.  Either way, it is win-win for arbitrage buyers.  Enjoy.
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