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.

The planned all-cash offer comes after a difficult past few years for the firm, which had enjoyed booming business - and a soaring share price - during the pandemic when households were forced to eat

Europe’s biggest food delivery firm Just Eat Takeaway.com is set to be acquired by tech investor Prosus for €4.1bn.