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The family of the AC/DC co-founder and former guitarist has confirmed previous report which said he's suffering from the brain disease.
The newly retired AC/DC co-founder and guitarist is reportedly diagnosed with dementia and has been moved into a nursing home in Sydney.
The band says in a statement posted on their official website that the album will be the first AC/DC project without Young, who announced he took a break earlier this year due to illness.
The 66-year-old lead vocalist reveals that the band's founder has been hospitalized as he suffers from undisclosed health problems.
The band has also shot down rumors about their retirement and says they'll work on new music in Vancouver next month.
The band's management and current label Columbia Records have refused to comment on the retirement news that started earlier this week.
The rock legends erase all doubts about putting their music catalog on iTunes as they make huge sales during their debut week.
After years of resisting, the rock legends decide to embrace the digital world of music and release their entire catalog on iTunes.
Led by the Jon Bon Jovi band, the top-grossing tours list sees AC/DC, U2 and GaGa at the second, third and fourth places respectively.
The honor was received by AC/DC at the annual U.K. Festival Awards ceremony in London, thanks to their gig at Download Festival this summer.
During the filming of clip for 'Big Gun', Shavo Odadjian showed up on the set and got much light than the action film star in the video.
The 'Other Guys' star has dismissed the plan because, after having four children, his priorities have shifted.
His Australia concert which was axed due to 'distressed' fans has arrived at number one in a poll for the most bizarre cancellations.
Rage Against the Machine will battle it out with Bon Jovi, Aerosmith and Jeff Beck Band in the Top Group category.
After accusing the band of failing to pay a road toll and banning them from leaving the country, four civil servants responsible for the mix up have been sacked.