Just in.

Twitchy will update as news develops.

Via the New York Times:

Prime Minister Nuri Kamal al-Maliki on Thursday night said he agreed to relinquish power, state television reported, a move that came after days of crisis in which Mr. Maliki’s deployment of extra security forces around the capital raised worries of a military coup.

While the country is not at peace, Mr. Maliki’s decision, nonetheless, appeared to pave the way for the first truly peaceful transition of power, based on democratic elections and without the guiding hand of American military forces, in modern Iraq’s history.

In stepping aside Mr. Maliki agreed to end his legal challenge to the nomination of his replacement, which was made on Monday when Iraq’s president nominated Haider al-Abadi, a member of Mr. Maliki’s own Shiite Islamist Dawa Party.

“Maliki steps down as prime minister in favor of Abadi,” the state television said on its Arabic-language news crawler.