Just Eat Takeaway.com is set to be acquired by global investment group Prosus in a deal worth €4.1bn (£3.4bn).

The takeover, which marks the investor’s largest deal to date, represented €20.03 (£16.82) per share on the Amsterdam exchange – a 22% premium to the rapid delivery firm’s highest share price over the past three months.

Just Eat has confirmed that the offer was unanimously supported and recommended by its management board and supervisory board.

Just Eat Takeaway.com chief executive Jiste Groen said that Prosus “fully supports” its strategic plans, adding that its “extensive resources will help to further accelerate our investments and growth across food, groceries, fintech and other adjacencies”.

Prosus chief executive Fabricio Bloisi added that the acquisition would allow the firm the opportunity to create a “European tech champion”.

He explained: “Prosus already has an extensive food delivery portfolio outside of Europe and a proven track record of profitable growth through investment in our customer and driver experiences, restaurant partnerships, and world-class logistics, powered by innovation and AI.

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“We believe that combining Prosus’s strong technical and investment capabilities with Just Eat Takeaway.com’s leading brand position in key European markets will create significant value for our customers, drivers, partners, and shareholders.”

The deal comes as Just Eat reported a “significant” improvement to its adjusted EBITDA today (24 February), up €121m (£100.2m) to €460m (£381m) in 2024, with the largest improvement in the UK and Ireland.

However, total sales declined 1% to €5.08bn (£4.2bn), which it said was primarily due to lower order volumes, driven by weaker market conditions in North America, Southern Europe and Australia.

In the UK and Ireland specifically adjusted EBITDA rose 62% to €219m (£181m) in 2024.

For 2025, the management board expects adjusted EBITDA in the range of €360m to €380m (£298m to £314.6m).

Groen said: “In 2024, we achieved significant milestones. We advanced our products, further expanded our partner base, particularly in verticals like grocery, electronics, and pharmacy, and made strategic portfolio decisions that position the company well for long-term success.

“Following the sale of our US operations, Just Eat Takeaway.com has become a more focused, faster growing, and more profitable business. Our ambition for 2025 is to further accelerate our topline growth through a step up in investments in Europe and UK and Ireland.”

In November, Just Eat sold its US business Grubhub to start-up food delivery company Wonder for $650m (£502.5m), a significant loss on the $7.3bn (£5.73bn) it paid for the firm four years ago.