Murdoch’s company raided in competition probe

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Rupert Murdoch’s film and media giant 21st Century Fox says it is cooperating with the European Commission after the officers raided his Fox Network offices in London.

EC, the competition authorities reported that they seized documents related to sports media rights earlier Tuesday.

Other companies that participate in sports rights have also received what the EC called “unannounced inspections”.

It is clear that the other companies were raided and when.

“The commission has concerns that the companies involved may have violated EU anti-trust rules that prohibit cartels and restrictive business practices”, the European Commission said in a statement.

“Unannounced inspections are a preliminary step in suspected anti-competitive practices.”

The statement said that “it does not mean that the companies are guilty of anticompetitive behaviour, nor prejudge the outcome of the investigation itself”.

Sports broadcasting has become a big business in Europe and the united states, with networks spending thousands of millions of pounds to secure exclusive rights to show the games in top-flight leagues to attract spectators.

Fox Networks Group is an operating unit of Fox, which distributes TV with cable channels and content from around the world.

“Fox Networks Group is cooperating fully with the commission of inspection,” a spokesman said.

The move comes in the midst of a shaking of the Lord in the empire of Murdoch.

21st Century Fox has agreed to sell most of its entertainment assets, including your participation in the Sky, to Disney for $52.4 million euros. But in February, the us giant Comcast provides $31bn to the Sky.