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LibreOffice is pretty damn good
(lemmy.ca)
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this post was submitted on 09 May 2025
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The formats are "quasi-open". There's still a lot of proprietary stuff in them. Or undocumented or poorly documented things. MS didn't really want it to be an open standard.
Being compatible with them requires a lot of work to reverse engineer the formats. Some companies make licensing deals with ms to get access to better docs but must keep their code closed. Something libreoffice can't do.