Dutch technology investor Prosus has announced its intention to acquire food delivery company Just Eat Takeaway.com in an all-cash deal valued at approximately 4.1 billion euros (US$4.3 billion).

The transaction sets the price of each share of Just Eat at 20.3 euros (US$21.36), representing a 63% premium over its closing price on Friday.

According to Prosus CEO Fabricio Bloisi, the deal aims to leverage Prosus’ investment and technology expertise alongside Just Eat’s established presence in European markets.

Further details regarding the transaction are anticipated as developments unfold.