TC Roundup: IPO-bound Rocket Internet consolidates, Holtzbrink takes 2.5% stake

IPO-bound Rocket Internet consolidates, Holtzbrink takes 2.5%: More shareholder activity over at Rocket Internet, the Berlin-based e-commerce incubator and investor that is widely expected to go public. Holtzbrinck Ventures, a firm that has been a longtime investor in Rocket Internet portfolio companies around the world, is exchanging the shares it has in those companies for a 2.5% share in Rocket Internet. (TechCrunch)

PayPal's future still in play: Activist investor Carl Icahn's quest to compel eBay to spin off its PayPal unit ended with a whimper in April. But the maneuvering over PayPal, a giant in the red-hot payments sector, seems to be just beginning. (The Information )

Google Glass inventor sees big things for the wearable in healthcare: Google didn't design its Glass wearable for medicine, but that use continues to be a hot topic of conversation among medical technologists and the investors who love them.(VentureBeat)