- Romney shares the stage with wife Ann and his VP pick Paul Ryan as he officially concedes presidential race to President Obama
- Major networks call election for the president after Romney fails to win key state of Ohio
- Romney was projected to lose by 11.30pm on Tuesday
- Romney was reportedly on his way from his hotel to give a concession speech
The crowd responded with chants of 'Mitt! Mitt! Mitt!'
He kissed his wife, Ann, who joined him on stage in Boston, along with his sons, their families and the family of his running mate Paul Ryan, whom Romney gave a big hug.
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Waving goodbye: Romney walks on stage to deliver his concession speech in Massachusetts
Concession: Romney waves as he speaks to supporters in Boston, Massachusetts
Embrace: Romney hugged his running mate Paul Ryan, as he and his wife Janna, right joined him and Ann Romney on stage
Backing: The somber crowd roared in support of Romney as he delivered the speech
Romney added: 'At a time like this, we can't risk partisan bickering and political posturing. Our leaders have to reach across the aisle to do the nation's work.'
'We look to Democrats and Republicans in government at all levels to put people before the politics,' Romney said.
'I believe in America. I believe in the people of America... I ran for office because I'm concerned about America. This election is over, but our principles endure.'
Of Obama, Romney said: 'Ann and I will pray for him as he continues to lead this nation.'
The concession speech came after Romney's supporters hung their heads as dead silence at the Republican's campaign headquarters in Boston tonight.
Curtain call: Romney and his wife Ann acknowledge his supporters after he conceded defeat to President Obama
Parting ways: Romney embraces Paul Ryan after delivering his concession speech in his election night rally
Farewell: Romney is joined by his wife Ann and his vice presidential candidate, Paul Ryan and his wife Janna, right, as they acknowledge the crowd
Sealed with a kiss: Romney shares a moment with his wife Ann as they appeared on stage
The sadness was palpable in the air as 'depressed' supporters of the Republican presidential candidate realized that their man had lost his bid for White House.
Within 30 minutes, Romney's motorcade was reportedly en route from his hotel to his headquarters at the Boston Convention and Exhibition Center, as he prepared to give a concession speech.
On Tuesday afternoon, the former Massachusetts Governor, boasted that he had written only one speak and was it an 1,100-word victory address.
Romney also is projected to lose New Hampshire, Iowa, Colorado, Pennsylvania and Wisconsin. Romney needed to claim at least some of those states to have a shot at winning the presidency.
A depressed supporter at Romney's headquarters in Boston collapses to the floor, reeling from the Republican loss
Letdown: Romney supporters looked increasingly nervous throughout the evening as he headed toward defeat
Coming home: Mitt Romney arrives at Boston's Logan International Airport on Tuesday night, as aide Garrett Jackson watches nervously out the window
'Romney HQ absolutely quiet, depressed. Still. Heads dipping. Like a wake,' he tweeted.
John Kubik, a Romney donor from Florida, said he thought the race would have been closer. Instead, it was called by the networks by 11.15pm.
'Horrible I’ve despised Obama from the election. He’s an arrogant Communist,' he told the New York Times.
'I felt he would win. I felt it would be closer.'
As the bad results came in, including a loss in the neighboring swing state of New Hampshire, the campaign turned off TV news inside the Boston Convention and Exhibition Center, though it was back on not long later.
Shocked: Romney's supporters can scarcely believe he lost the election
Silent: Republican supporters were despondent as all the major networks predicted that Mitt Romney had lost the electionRomney was playing with his grandchildren and watching election returns from a nearby waterfront hotel room prior to the announcement.
'Near total silence in Romney ballroom. If I spoke loudly, people would look up at me in the rafters, giving me the stink eye,' Costa wrote earlier in the night.
CNN reported that the mood was 'very tense.'
'It’s closer than I thought it would be,' one supporter told the Boston Globe. 'I thought Romney would win by a couple of percentage points in Florida and Ohio.'
Exit polls early in the evening showed Romney had an uphill battle to defeat Obama.
At a loss: Romney supporters were in disbelief over Obama's win before midnight on Tuesday
Nervous tension filled Romney's headquarters before the announcement of Obama's projected victory
Nervous: Mitt Romney's supporters grew silent as the election results began to shrink the Republican's chance for a path to the White HouseOhio Sen Rob Portman tired lift the grim mood in Boston by repeating a slogan from 'Friday Night Lights.'
'Clear eyes, full hearts, can't lose - so I want you to think about that tonight,' he said.
Earlier in the night, the Romney campaign had been planning for a party and the candidate himself was buoyant.
He revealed that he wrote a 1,118-word acceptance speech, but no alternative as he wrapped up one, last frenetic day of campaigning.
Even as exit polls show he was training in key swing states, the Romney campaign was preparing to celebrate in his hometown.
And his wealthy friends are coming along for the ride, as Boston's Logan International Airport was jam-packed with private Gulfstream jets.
Warming up the crowd: Craig Romney listens to the National Anthem before he takes the stage in Boston to warm up the crowd in advance of his father's appearance
Revved up: Thousands of supporters turned up to the Boston Convention and Exhibition Center well in advance of Romney's appearance on stage
The Boston Convention and Exhibition Center was nearly silent as news of the loss was reported
'This is when you know you're going to win,' the emotional candidate responded.
The GOP nominee had spent Election Day doing a last-minute round of campaigning in one state he's showered with attention and another he's largely ignored. After voting near his Boston-area home, Romney was betting that an eleventh-hour appeal to working-class voters in Ohio and Pennsylvania would help him defeat President Barack Obama.
'This is a big day for big change,' Romney told staffers and volunteers at a Cleveland-area campaign office.
On his campaign plane in between flights, he worked on his speech. He said he hasn't written a concession speech, though he acknowledged the results might not come out in his favor. 'Nothing is certain in politics,' he said.
Grave: Supporters fear Romney could lose his presidential bid
Logan -- one of the nation's major airports -- quickly filled the 60 parking spots it has reserved for long-range corporate jets and had to begin 'shoehorning' them into other parts of the airport, the Boston Globe reported.
When the number of private jets grows to 85, as it is expect to, airport officials said they will force any new arrivals to drop off their passengers and then fly to nearby Hanscom Field to land.
Some 5,000 people are expected at Romney's invitation-only gala at the Boston Convention and Exhibition Center.
Boston-based cover band Sweet Tooth & the Sugarbabies has been booked to play the celebration and sliders and pretzels have been ordered to feed the hungry guests.
'It’s a party, but we’re not trying to go over the top,' Will Ritter, Romney's director of advance planning, told the Globe.
'This is where he gets introduced to the American people as a president, so we’re trying to keep this as stately as we can and still keep it a fun event.'
However, he declined to say whether there would be confetti. However, he confirmed that there will be no balloons.