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.

Prosus N.V. acquires Just Eat Takeaway.com N.V. for EUR 4.1B, becoming the 4th largest food delivery group. Click here to find out PROSY stock is a Buy.

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).