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The acquisition would be an all-cash, debt-financed transaction.
The basic functionality of Linked In allows users (workers and employers) to create profiles, which for employees typically consist of a curriculum vitae describing their work experience, education and training, skills, and a personal photo.
Security experts criticized Linked In for not salting their password file and for using a single iteration of SHA-1.
These account details are believed to be sourced from the original 2012 Linked In hack, in which the number of user IDs stolen had been underestimated.
Linked In is headquartered in Sunnyvale, California, with offices in Omaha, Chicago, Los Angeles, New York, San Francisco, Washington DC, Sao Paulo, London, Dublin, Amsterdam, Milan, Paris, Munich, Madrid, Stockholm, Singapore, Hong Kong, China, Japan, Australia, Canada, India and Dubai.
In January 2016, the company had around 9,200 employees.
Shares of Linked In rose as much as 171% on their first day of trade on the New York Stock Exchange and closed at $94.25, more than 109% above IPO price.