Investing.com-- Prosus (AS: PRX ) said on Monday it will acquire food delivery major Just Eat Takeaway (AS: TKWY ), a deal that will grant the Dutch technology giant entry into the European food delivery industry.

Prosus (OTC: PROSF ) offered 20.30 euros in cash for each share in Just Eat, representing a premium of 63.3% to Just Eat’s Friday close. The offer values the delivery firm at 4.1 billion euros ($4.3 billion).

Acquiring Just Eat will allow Prosus to extend its food delivery presence into Europe, with the company holding stakes in several global food delivery services, including Delivery Hero AG (ETR: DHER ), ifood, and Swiggy.

Just Eat CEO Jitse Groen supported the buyout, stating that Prosus “fully supports our strategic plans, and its extensive resources will help to further accelerate our investments and growth across food, groceries, fintech and other adjacencies.”

The deal is one of the biggest European deals seen so far in 2025, and stands to further Prosus' presence in the food delivery industry- a sector the company has invested heavily in over the past few years.

The company had in 2022 acquired a 33% stake in Brazil's iFood from Just Eat.