Charter in talks with Time Warner Cable over bid likely above $170 per share - WSJ

(Reuters) - Charter Communications is in talks with Time Warner Cable about a bid that is likely to be well above the $170 (108 pounds) per share expected by some analysts, the Wall Street Journal reported, citing people familiar with the matter. Charter had bid about $132.50 per share, or $37.3 billion, for Time Warner Cable last year before being beaten by Comcast Corp , whose all-stock deal was initially worth $158.82 per share. Comcast abandoned its $45 billion offer for Time Warner Cable la