Prosus NV agreed to buy Just Eat Takeaway.com NV for €4.1 billion ($4.3 billion), as the technology investor seeks to expand its footprint in Europe.

The planned all-cash offer comes after a difficult past few years for the firm, which had enjoyed booming business - and a soaring share price - during the pandemic when households were forced to eat

Just Eat was a pandemic star as its valuation soared as people turned to food delivery during lockdown, but was hit as the boom faded and it made poor business decisions.