Jeff Weiner will remain as CEO of LinkedIn; offer was made at $196/ share
The offer of $196 per share represents a premium of 49.5 percent to LinkedIn's Friday closing price
Nearly, a third of its 2.3 million users in the IT capital of the country were working in the technology sector
In 2012, it faced massive data breach, putting 17 million users' passwords, personal information in hackers hands
Takes 246,000 sq ft space in Bengaluru, thrice what it took in the same city in 2013