Updated — Oct. 10, 1:33 p.m. ET
Pakistani teen Malala Yousafzai and Indian children's rights activist Kailash Satyarthi are the joint winners of this year's Nobel Peace Prize, it has been announced.
The pair were given the honor by the Nobel committee "for their struggle against the suppression of children and young people and for the right of all children to education."
Malala — a teenage education activist who was shot in the head by a Taliban gunman on a school bus in 2012 — becomes the youngest recipient in the prize's history.
The pair will share prize money of 8 million kronor, or $1.11 million.
Malala tweeted this in reaction her win:
In her acceptance speech, she said, "I felt really honored."
I felt more powerful and more courageous because this award is not just a piece of metal...this is really an encouragement for me going forward and to believe in myself, to know that there are people who are supporting me in this campaign. And we are standing together to make sure that every child gets a quality education.