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2701.387 - 2722.021 Wayne Ting

So by doing that, we're actually essentially saying we're not really buying much when we look at M&A. So instead, the alternative is like, can we invest an equivalent amount of money that it would take to buy that company and invest in our own business? Will we get a better ROI, a better return on that capital invested than buying a company? Because usually you have to pay up to get control.