From MSN:
CAIRO — Hosni Mubarak has resigned as president of Egypt, the country’s vice president said in a brief statement Friday.
Omar Suleiman, speaking on state television, said Mubarak had decided to hand power to the military.
“In these grave circumstances that the country is passing through, President Hosni Mubarak has decided to leave his position as president of the republic,” a grim-looking Suleiman said. “He has mandated the Armed Forces Supreme Council to run the state. God is our protector and succor.”
The news swept the country and Tahrir Square, home of the protest movement, erupted in celebration.