Law360, New York (September 16, 2013, 1:12 PM EDT) -- A Saudi billionaire who invested $300 million in Twitter Inc. two years ago told Reuters on Sunday that he will not sell any of his shares in the microblogging site's ballyhooed initial public offering. Prince Alwaleed bin Talal, who owns international investment house Kingdom Holding Co., said he backed Twitter as a strategic investment and believes he can still squeeze more value out of the company. San Francisco-based Twitter last week filed for an IPO, expected later this year or early in 2014.
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