STOCKHOLM (AP) -- Singer-songwriter Paul Simon and cellist Yo-Yo Ma have won the 2012 Polar Music Prize, Sweden's most prestigious award for musicians.

Simon and Ma will receive 1 million kronor ($166,000) each and an invitation to the prize ceremony in Stockholm Aug. 28.

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The award was founded by the late Stig Anderson, the manager of Swedish pop group ABBA, and has been handed out since 1992. It is typically shared by a pop artist and a classical musician.

Calling Ma the "leading cellist of our time," the prize jury said Tuesday he is "living proof that music is communication, passion and the ability to share experience."

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The citation praised Simon as a "world-class songwriter" who captured the currents of his time with "consummate skill, innovative arrangements and provocative lyrics."

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