Fox dips in late trade on report of UK office raid

|By:, SA News Editor

Twenty-First Century Fox shares are down after hours amid a Daily Telegraph report that the company's British offices have been raided by European Commission investigators.

FOX is 1.1% lower postmarket; FOXA is off 1.2%.

Competition watchdogs entered offices in west London -- home to Fox Networks -- to seize documents and computer records, the report says.

It's unclear what the raid relates to, but the EC has powers to probe businesses suspected of abusing dominance of a market or being involved in a price-fixing cartel.

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