Microsoft LBO

It seems my idea of a Microsoft LBO wasn't quite as original as I thought (darn it... but I was joking, really). Financial Times had an article last year to actually analyze the possibility:

• Private equity folk could do wonders with Microsoft (requires subscription, here is the full-text).

And here are three reasons it can't be done. With the size of PE funds growing at exponential rate, the first, and probably the most important reason, won't hold for long.