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Charter in talks with TWC over bid likely well 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 $170 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 before that deal fell apart last month.

    TWC declined to comment, while Charter had no comment on the report.

    European telecoms group Altice has also approached Time Warner Cable over a deal, sources told Reuters, creating a potential bidding war with John Malone's Charter Communications.

    (Reporting by Rama Venkat Raman in Bengaluru; Editing by Ken Wills)