I would think so, given how important (whether we at HN like it or not) their stack has become, it's basically critical infrastructure at this point for a lot of industries.

I think I could see that happening to several companies, not just MS as well - once something gets so huge that it would be detrimental to the survival of a nation if it failed, it gets nationalized.

> - Maybe they can keep running Azure, since it's unpopular

That I'm not sure about though. Azure is unpopular with SaaS, but it's increasingly popular with non-tech enterprises, as well as basically anyone that remotely competes with Amazon. Good chance that if a company's core product isn't SaaS, they are on Azure.