Will Microsoft aquire Canonical before 2025?
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IBM bought RedHat. Canonical is still for the taking. Azure cloud won't go away soon, and Ubuntu remains a relevant base for many workloads. They are already cooperating quite a bit.

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IBM has acquired RedHat, and Canonical is still available for acquisition. Azure cloud is still relevant, and Ubuntu is a popular choice for many workloads. It's interesting to note that there is already some cooperation between Azure and Ubuntu. Connections Game

Microsoft will probably never be allowed to acquire anything big again, much less a competing OS developer.