LinkedIn Said to Seek New Dublin HQ on Overseas GrowthNeil Callanan and Donal Griffin
LinkedIn Corp. is seeking a new international headquarters in Dublin as the professional social-networking company expands its overseas operations, two people with knowledge of the matter said.
IDA Ireland, the government agency charged with winning foreign investment for the country, is working with LinkedIn on a plan to lease as much as 160,000 square feet (15,000 square meters) in Dublin, said the people, who asked not to be identified because the matter is private. Richard George, a spokesman for the Mountain View, California-based company, declined to comment.
LinkedIn, whose shares have more than tripled since the company’s 2011 initial public offering, is headed for its fifth straight quarter of decelerating sales growth. To expand its potential revenue base, LinkedIn is seeking to reach workers overseas, add mobile features and make acquisitions. The company employs more than 450 people in Dublin and first opened an office in the city in 2010, George said.
“Dublin is now host to a major global tech cluster and IDA works continuously with a wide range of companies on potential opportunities available to their operations in Dublin,” IDA Ireland said in an e-mail. It declined to comment specifically on LinkedIn’s possible expansion.
Ireland’s corporate tax rate of 12.5 percent and tax credits for research-and-development investments has attracted companies like LinkedIn, Facebook Inc. and Google Inc.
LinkedIn’s international sale rose 54 percent to $176.1 million in the fiscal fourth quarter and accounted for 39 percent of the total, 1 percentage point more than a year earlier.
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