Prosus NV agreed to buy Just Eat Takeaway.com NV for €4.1 billion ($4.3 billion), as the Dutch technology investor with stakes in several food delivery companies seeks to become an industry giant.

Technology investor Prosus agreed to buy Just Eat Takeaway.com for $4.29 billion, using the war chest it built by selling part of its Tencent stake to bulk up its food-delivery arm.The deal is set to create the world’s fourth-largest player in food delivery by gross transaction value–a closely watched industry metric–after China’s Meituan and U.

Dutch technology investor Prosus said on Monday it intends to buy Just Eat Takewaway.com to create a "European tech champion" of food delivery. Francis Maguire reports.