Will PayPal remain an independent company? (Video)

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John Donahoe, CEO of eBay discusses the future of former company PayPal as the firms are set to split from each other and become independent trading groups.

On 20th July, PayPal and eBay will officially break away from each other. The splitting will be made through a pro rata distribution of the stock of eBay’s subsidiary PayPal Holdings, Inc. to eBay stockholders.

This is an event that PayPal are very excited about. On the very same day of the split, the online payments system will celebrate its new status as an independent public company by trading on the Nasdaq Stock Market, operating under the ticker symbol “PYPL”.

In an interview with Bloomberg, find out if Donahoe believes that PayPal will survive as an independent organisation in an extremely competitive payments market.

The outgoing CEO also explains why PayPal still remains an independent company, despite rumoured interest from Alibaba and Google.

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