BREAKFAST DEALS: Murdoch's Penguin suit

Rupert Murdoch reportedly makes moves to woo Penguin Group, while Whitehaven swipes back at Nathan Tinkler.

Rupert Murdoch has apparently got his dealmaking hat back in the UK, with a last minute play to spoil the German owner of Random House’s desire to secure publisher Penguin Group. Meanwhile, it’s a big week for Whitehaven Coal, with the company’s board and largest shareholder seemingly at odds as the managing director’s successor is being sought. Elsewhere, Acer Energy looks like it will have to settle for the Zhongrun deal and mining entrepreneur Joseph Gutnick isn’t coming back to the ASX just yet.

News Corp, Penguin Group

Media mogul Rupert Murdoch appears to be back in the UK, with London’s Sunday Times reporting that he’s made an indication to the owner of Penguin Group that it wants to make a late "substantial cash offer” for the company.

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