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Kate Middleton and Prince William have welcomed a baby boy, a rep for the royal family has confirmed.

According to the press release, the Duchess of Cambridge and her son are "both doing well" and will remain in the Lindo Wing at St. Mary's Hospital in London overnight. The future King of England was born at 4:24pm, weighing in at 8 pounds, 6 ounces. Kate was admitted to hospital around 5:30am local time, and Prince William was by his wife's side during the delivery.

The statement continued, "The Queen, The Duke of Edinburgh, The Prince of Wales, The Duchess of Cornwall, Prince Harry & families have been told and are delighted." Prince William said in a separate statement, "We could not be happier."

No word yet on the baby's name, but he will be third in line to the throne, following grandfather Prince Charles and father William. Prince William's brother, Prince Harry, is now fourth in line.