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.
BREAKING NEWS: The #nobelprize2014 in Peace is awarded to Indian Kailash Satyarthi and Pakistani Malala Yousafzay
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:
Thank You all Support And Love...! #Nobelpeaceprize #StayBless
In her acceptance speech, she said, "I felt really honored."
View this video on YouTube
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.
A press release said she intends to make a full statement after she finishes her school day.
My favorite press release ever: "Malala will make her first statement on winning the Nobel Peace Prize after school."
We waited. We did not give Malala the Noble Peace Prize last year. The committee took its time. We have seen her in action throughout the world. The committee has been remarkably impressed how she has been able, despite her young age, to speak and have a tremendous impact ... people are incredibly moved by Malala. So we took our time but we are very optimistic that this will work out well. Of course, its true, she's a girl, she's 17-years-old and this will dramatically change her life and we hope for the better.
The Nobel committee said Kailash Satyathi's work — which focuses on preventing child labor — had followed in the tradition of Mahatma Gandhi.
In an interview with the Nobel Prize's website, Satyarthi said it was a “great honour,” and a "great moment for all those children" forced to work through their childhoods.
Leaders and dignitaries from around the world have tweeted their congratulations to the pair:
Congratulations to Shri Kailash Satyarthi on being awarded the Nobel Peace Prize. The entire nation is proud of his momentous achievement.
Malala Yousafzai's life is a journey of immense grit & courage. I congratulate her on being awarded the Nobel Peace Prize.
There is no tool for development more effective than the empowerment of women. Congratulations Malala & @k_satyarthi. KA #nobelprize2014
Le président @fhollande salue le choix de drner le prix Nobel de la paix à Malala Yousafzai et @k_Satyarthi
Fantastic news, @Malala and @kailashsatyarth rightly honoured for their inspirational work #nobelprize2014
Ban Ki-moon on #nobelprize2014: Malala Yousafzai & Kailash Satyarthi are 2 of world’s greatest champions for children http://t.co/WePYjWWaYo
"One child, one teacher, one book & one pen can change the world." Malala Yousafzai at the @UN: http://t.co/P2yr5QnCIy #nobelprize2014
Want 2 congratulate Malala on Nobel Peace Prize. Proud as Pakistani 4 her Nobel prize, esp 4 cause of Education which must b r nat priority.