"The Commission has concerns that the companies involved may have violated European Union antitrust rules that prohibit cartels and restrictive business practices", the Commission said in a statement, after raiding offices in several member states.
The research Fox Networks Group was clearly one of a few European Commission claimed it had conducted around Europe as a portion of an investigation into potential violations of principles forbidding cartels.
"Fox Networks Group (FNG) is cooperating fully with the EC inspection", a Fox spokesman told the Telegraph. Investigators are able to take copies of documents and computer records, and ask for explanations from executives.
UK Media reported on Wednesday morning (AEDT) that authorities were on site and had raided a number of Mr Murdoch's offices on Tuesday local time, as part of a wider probe into possible anti-competitive practices regarding the distribution of sports rights in the region.
In January, the UK's Competition and Markets Authority (CMA) "provisionally found that if the deal went ahead as planned, it would give the Murdoch family too much control over news providers in the UK", says The Guardian.
Other institutional investors have also modified their holdings of the company.
It is part of the Murdoch empire's entertainment arm, distinct from News Corp, which owns The Times and The Sun newspapers among others.
Shares of Twenty-First Century Fox Inc (NASDAQ:FOX) have received an average recommendation of "Buy" from the six research firms that are presently covering the firm, MarketBeat reports.
United Kingdom culture secretary Karen Bradley at the time said any such takeover may "increase members of the Murdoch Family Trust's ability to influence the overall news agenda and their ability to influence the political process".
Murdoch has offered to sell his 39 percent ownership of Sky News to Disney, or spin it into a separate company to alleviate their concerns. BidaskClub raised 21st Century Fox from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 8th.
Paris Saint-Germain face fresh Financial Fair Play probe
A sponsorship deal with the Qatar Tourism Authority was deemed to have an unfair value by Uefa's independent investigation panel. PSG are being investigated for potential FFP breaches following the signings of Neymar and Kylian Mbappe last summer.
Comedy Store founder, owner Mitzi Shore dead at 87
She refused to pay comics who performed in her club, insisting it was like a college where comedians learned their craft. Yet she also had a sign in her office saying: 'It's a sin to encourage mediocre talent'.
'The Simpsons' Jabs Back At Apu Stereotype Claims In New Episode
Several others have supported The Simpsons for pushing back, but a look through Twitter reveals that they are mostly white dudes. In last night's episode, Marge and Lisa were shown discussing an old fantasy novel which contained politically incorrect themes.
Graduate transfer QB Brandon Dawkins joining Indiana
Dawkins, a 6-foot-3, 210-pound product from Oxnard, Calif., was a 3-star quarterback recruit out of high school. As a graduate transfer, Dawkins will be eligible to play immediately in 2018 for the Hoosiers.