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.

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 all-cash deal at €20.30 a share is a 49% premium to the three-month volume-weighted average price,

NEW YORK (AP) — Europe’s Just Eat Takeaway.com could soon have a new owner. Technology investment company Prosus has agreed to buy the food delivery giant for 4.1 billion euros ($4.29 billion).