Business Irish

Sunday 17 December 2017

Appointments fuel speculation Linkedin will set up here

Laura Noonan

THE prospect of Linkedin becoming the next internet giant to set up in Ireland has inched closer after the social networking giant appointed two of its most senior executives to the board of a new Irish-registered company.

Documents recently lodged in the Companies' Office show Linkedin chief financial officer Steve Sordello and vice president Erika Rottenberg have both been appointed directors of Linkedin Ireland Limited.

The Dublin company was registered in November and initially listed its directors as a local tax consultant and solicitor, as is common for company's registered on behalf of multinationals.

A spokesman last night confirmed Linkedin had "registered a Dublin company", but said he "couldn't comment" any further on the company's intentions.

He also declined to comment on whether it was routine for Linkedin to set up companies in international jurisdictions and install senior directors without having any plans to trade in those countries.

Linkedin's Irish manoeuvres come more than a year after the US-based company established a London office, attributing the decision to the European market's "massive" contribution to global growth.

At the time, Linkedin boasted 18 million users worldwide, and that figure has since shot up to more than 53 million, making it the world leader for connecting professionals online.

Founder Reid Hoffman recently said the company was likely to go public in the future.

Linkedin raised $76m (€53m) in a round of funding back in 2008, in a deal that valued the company at $1bn.

Irish Independent

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