Comedian Arsenio Hall is withdrawing his libel suit against Sinead O’Connor, following the troubled Irish singer’s apology.

“Sinead has retracted and apologized for statements she made about Arsenio last year, which prompted his defamation lawsuit against her,” said a joint statement Thursday from Hall’s representatives.

O’Connor, 50, additionally said in the statement, “I apologize for my Facebook posts about Arsenio to the extent that anyone thought I was accusing him of acting as Prince’s drug dealer and supplying him with illegal hard drugs, or insinuating that Arsenio had something to do with Prince’s death. I sincerely apologize because those statements would be false, and I retract them unequivocally.”

Hall’s publicist separately told ABC News in a statement that the comedian’s attorneys “have confirmed that now that Arsenio’s reputation has been restored by Sinead’s unequivocal retraction and apology, the lawsuit will be dismissed.”

In May, Hall filed the suit in Los Angeles Superior Court seeking damages “in an amount not less than $5 million” in response to O’Connor accusing him in a May 2 Facebook post of supplying drugs to the late music icon Prince, who had died the previous month at age 57.

“Two words for the DEA investigating where prince got his drugs over the decades.... Arsenio Hall (AKA Prince’s and Eddie Murphy’s),” O’Connor had written on her since-deleted account. “Anyone imagining prince was not a long time hard drug user is living in cloud cuckoo land. Arsenio I’ve reported you to the Carver County Sherrif’s office. Expect their call. They are aware you spiked me years ago at Eddie murphy’s house. You best get tidying your man cave.”

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The suit called O’Connor’s statements “absolutely false” and “despicable, fabricated lies.”

The Grammy Award-winning singer has spoken candidly of her mental-health issues, including suicide attempts, saying as early as 1994 that she was then undergoing treatment at a London psychiatric hospital.

Last year, two weeks after posting the Hall accusation, O’Connor went missing for a day in the Chicago area. In November 2015, she was located by Dublin police a day after raising concern over an apparent suicide note on Facebook. The following day she posted the latest in a series of diatribes against her family, which she said had mistreated her.