you have to think about the last year for don -- john donahoe.t has been difficult with icon saying these two companies are splitting up. he said he thought about this 10 years ago. willr whether the split define his legacy in the future, take a listen. >> the question is, did i hand the business off in better shape than i inherited it and i feel good about that. just as meg and about the company to me and stronger shape than she inherited it. as of monday, paypal and ebay official he will be separate companies. dan shulman will lead paypal is a public company and we also talked to him in an exclusive interview about his vision. he is aligning the troops and wants paypal to be a place that makes money more easy to transfer around the world. take a listen to what he is doing. >> what we have been most focused on is setting the vision and the mission of the company going forward. what are we going to focus on? how will he execute against that? those are the things we are mostly focusing on. how do we satisfy our customers, our consumers, and are me

we will hear from ebay's ceo, john donahoe. ♪ welcome back. minutes until the markets close. want to head over to julie hyman for more on yet another record for the nasdaq even though the dow and s&p not cooperating so much. julie: true. it has been an interesting day even though intraday, we have not had that many big moves. really interesting record we have been seeing. the s&p 500 and the green right now. finishes thatit way. the nasdaq in deed has been the big winner on the day because technology has been the big winner on the day. let's dig into that a little bit. take a look at my bloomberg terminal, which looks at the various sectors. technology is the green area we have in seeing and really has contributed to the gains in nasdaq and also stand the declines in the s&p and for the moment are keeping it in the green. use see the rest of things are red. financials are down today. we talked about america and some of the other banks trading lower. and technology, of course, and a lot of it has to do with google today. a shares of no 16%. the

john donahoe believes the company will remain independent for the foreseeable future.etty: thank you so much. our coverage continues all day monday on bloomberg television and on bloomberg.com. mark: emily will take a closer look at the dramatic changes in the payment landscape and how companies like a pal are changing the way money moves around the world all day monday right here on bloomberg television. coming up on market day, merger talks between dish and t-mobile hit a speed bump. betty: can the dish ceo get this deal done? we will discuss that after the break. ♪ mark: welcome back to the bloomberg market day. betty: let's get straight to the breaking news desk. we've got another merger possibly in the works. keywordossibly is the but dow jones is reporting that cf industries is in talks with a merger withoci. a dutch fertilizer company. if you look at the market cap of the two companies, cf has about $15.7 billion and oci is a smaller company with 5.7 billion euros. you can see movement in the stock on the screen behind me. there was a big jump when these headlin

emily: it's interesting, i asked john donahoe, now paypal's chairman, no longer ebay ceo, why not. a listen to what he had to say. john: i built relationships. i reached out to many of that founding generation. they've been great counselors max, reid, peter, and others. i've listened and introduced dan to many of them as well. no one knows what the future will bring, but we have a proud heritage and tradition here. we always welcome ideas and feedback. emily: what's your take on that response? david: i think it's a giant missed opportunity. one of the reasons i was in favor of the spin out was to create a separate paypal board distinct from ebay, you could include this founding dna on the board. look at the options here. you've got the paypal mafia. you want to put them on the board not just for what they did at paypal, but what they've done since. elon musk, reid hoffman, chad hurley -- the list just goes on and on of extraordinarily accomplished people who are still very involved in silicon valley. i don't know how you don't ask those people to be on the board, or at least have o

emily: that was my interview with john donahoe. i want to bring mark back into this. do you think the spinoff is good for both companies? mark: i do not think it necessarily providing a lot of greater disclosure for investors, but you have to assets going in different directions. ebay is asked growth. they are going to be invested in differently. it is a very different investor based on both companies. it is a recognition by the ebay board and that these are fundamentally different businesses, and ebay no longer had growth ahead of it. emily: everybody is talking about paypal as an acquisition target, some people say ebay could be more of an acquisition target rate will they both remain independent companies? >> paypal is trading at 25 times earnings, is that we will see on monday and tuesday. that makes it harder for a lot of companies to legitimately make that deal for you help out -- deal work. but there is a much broader range of companies that could actually take a look at ebay and make a deal on a flying ebay. i think the will be more digital buyers by a financi

to him and john donahoe, the former ebay ceo is now the chairman.nk this is going to an independent company going forward. there are just not a lot of copies that can do that beale -- do that deal. there hasn't been a lot of innovation moving forward. this mean fors the brick-and-mortar retailers? emily: he thinks the biggest room for innovation is at the point of sale. could separate. they really are trying hard to revolutionize and be a part of that in-store experience. mark: according to bloomberg data, market cap at about 46.4 billion darrelle is -- $44.6 billion. ebay shrinks to roughly 34 billion. emily: they are happy ebay isn't dragging it down so to speak. a lot of people think ebay is more attractive as an acquisition target. a big headline. ebay's future darkens as paypal's spinoff happens. ebay has a lot of tough challenges ahead. look at amazon and even brick and mortar retailers like walmart stepping up their online game. it will be a difficult road ahead. of setbacksd a lot when google changed its algorithm. a lot of results were disp

john donahoe thinks, look, this company is going to remain independent.e is staying on as chairman of the board of paypal. take a listen to what he told me. >> it is important that paypal does whatever it needs to to build a successful future. i think paypal will continue to be an independent company. who knows how the markets will turn out? emily: at $47 billion, if a deal got done, it would be 50-50. payment are really complicated. erik: there is a lot of truth in payments being competent it could he is -- being complicated. he is doing what a chairman should do. we are doing fine and will continue to invest in our business. emily: i think there are a lot of regulatory issues. you think about a company like alibaba buying paypal -- our regulators going to like that? google is fighting monopoly charges in europe. doesn't want to fight another battle here? erik: when it comes to payments, there are a lot of competitions. stephanie: we are all out of time. emily is going to join us in the 9:00 hour. ♪ ♪ ♪ ♪ get excited for the 1989 world tour with exclusiv

we sat down with john donahoe for an exclusive interview.t day that paypal and ebay will be trading together as one. this is an issue that the company has been debating for a very long time. it wasn't carl icahn that first put the idea out there. take a listen to what donohoe had to say. john: this is a question that i first introduced with our board for staying became ceo. 10 years ago. i'm said -- i said we need to look at how we can position our vests -- our business is to be best successful. we spent most a year looking at that in came to the termination that ebay and paypal still have synergy, skype did not. we invested skype back at that time. >> there are a few people who think paypal will be takeover bait. what it donohoe have to say? emily: what he said to me is that he thinks that it is more likely that this company is going to stay independent. if you talked to a lot of people out there, there a few companies that can make a by. it would be closer to more than 50 companies, like alibaba. alibaba would love to buy paypal. a lot of

brendan: we will go to a clip of ebay ceo john donahoe. mr.: i think paypal will continue to gain -- to be an independent covenant, but who knows how the markets will turn up. brendan: there is a great quote from warren buffett this year where he describes spinoffs and reacquisition's as the cycle that is designed not to create shareholder value but fees for bankers that do this in offs and then the ipo. tom: i think there can be beneficial spinoffs. what i will say is everybody gets on board. one industry will go through this. what i will say is this has been requested for years. i literally cannot remember when people were begging ebay to spin off paypal. it has always been there from day one. brendan: most recently, pressure from carl icahn. tom: should apple spin off apple music or beats? vonnie: not yet, i would say, tom. tom: there is always a reason to spin something off, and i get the idea -- i would not be that negative on it. i remember the specialty chemical era where every single chemical company had to spin all specialties. there

the people i have been talking donahoe and john daniel shulman think that paypal remains an independent company. they say payments are hard. if you think about alibaba, there would be a lot of regulatory issues there. if anything the new ebay may be more of a target. that's what reid hoffman told me. i think it's fun to talk about but with a $50 billion market cap, it's difficult to do. icahn whot about carl got what he wished for? have they talked? emily: he has made an estimated $180 million off of this split and has a representative on the board. i asked daniel if he spoke to him. they have not spoken. he's not just any other shareholder. he admitted that he is certainly not worried about more agitation now that he got what he wanted. betty: he also got a $10 million check in emily: it will be interesting to see how the strategy goes forward. scarlett: i am talking with someone else he is to work at paypal, the former marketing executive, eric jackson, and he said that under daniel shulman it's not up products company. it's more of a holding company. they have made acquisitions. it's