EC Raids Rupert Murdoch HQ

The Daily Telegraph has announced that the British headquarters of the Murdoch entertainment empire 21st Century Fox has been raided by investigators from the European Commission. Murdoch entertainment includes American Fox News network.

The EC has controls raids particularly one of businesses suspected of creating a monopoly, abusing production quality, or being a part of a price fixing cartel. Investigators are able to take copies of documents and computer records and ask for justifications and answers regarding the documents from executives.

The risks for potential loses are very high. Fox is in the works of $66bn agreement to sell most of its properties, including Sky Media, on to Disney.

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