Bono the lovable U2 frontman
U2 has cancelled its concert scheduled for Saturday night at the city's AccorHotels Arena Mark Wilson/Getty Images)

Following the series of terror attacks in Paris that has killed more than 120 people, U2 has cancelled its concert scheduled for Saturday night at the city's AccorHotels Arena. The concert was also going to air live in the US on HBO's prime time slot.

President Hollande has declared a state of emergency in France following the series of coordinated terror attacks in the county's capital.

The cancelled concert was a part of the band's iNNOCENCE + eXPERIENCE world tour. "As a result of the ongoing state of emergency across France, the U2 Paris concert scheduled for 14th November will not be going ahead as planned. U2 and Live Nation, along with HBO who were due to live broadcast the Saturday concert, are fully resolved to go ahead with this show at an appropriate time," the band said in a press statement posted on its official website.

"We watched in disbelief and shock at the unfolding events in Paris and our hearts go out to all the victims and their families across the city tonight," the band that is currently in Paris, said in a statement attached to the press release. "We are devastated at the loss of life at the Eagles of Death Metal concert and our thoughts and prayers are with the band and their fans. And we hope and pray that all of our fans in Paris are safe."

At least 120 people have died in multiple assaults across Paris. Police stormed the Bataclan concert hall, where 100 hostages were massacred. Apart from the concert hall, terror attacks also took place in Paris's 10th Arrondissement and near the Stade de France, where France was hosting Germany in a football friendly.