Fox offices in London raided by European Commission investigators

FAN Editor

European Commission investigators raided Twenty-First Century Fox’s London office on Tuesday, The Daily Telegraph reported.

Sources at the location told the newspaper that authorities were trying to be discreet and had been told to keep details of their mission confidential. The Telegraph reported that investigators will be on site through Wednesday and maybe Thursday.

The raid comes amid Fox’s drawn out takeover of Sky, which has fallen under intense scrutiny by regulators at the U.K.’s Competition and Markets Authority.

Earlier this year, the agency provisionally found Fox’s bid would not be in the public interest. It said there are concerns that the deal may lead to the Murdoch Family Trust wielding too much influence over public opinion and the political agenda.

Fox Networks Group said in a statement to CNBC that it is “cooperating fully with the EC inspection.”

Reuters reported that the European Commission has confirmed it is conducting unannounced inspections of companies which distribute sports media rights.

Shares of Fox fell more than 1 percent in extended trading.

Read the full report in The Daily Telegraph.

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