"After forty years of life dedicated to AC/DC, guitarist and founding member Malcolm Young is taking a break from the band due to ill health. Malcolm would like to thank the group's diehard legions of fans worldwide for their never-ending love and support.
"In light of this news, AC/DC asks that Malcolm and his family's privacy be respected during this time. The band will continue to make music."
Brian Johnson has shot down reports that the band is retiring, telling U.K.'s Telegraph that the band is about to begin work on its 16th studio album. "We are definitely getting together in May in Vancouver," he said. "We're going to pick up some guitars, have a plonk, and see if anybody has got any tunes or ideas. If anything happens, we'll record it."
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