For all practical purposes, Led Zeppelin ended on September 25, 1980, a.k.a. the day John Bonham died, but from an official standpoint, the band was still together. They had, however, canceled their North American tour, and the members of the band remained off the radar for the next few months.
Finally, on December 4, 1980, the members of Led Zeppelin issued a formal statement, one in which they said, “We wish it to be known that the loss of our dear friend, and the deep sense of undivided harmony felt by ourselves and our manager, have led us to decide that we could not continue as we were.”
“Led Zeppelin wasn’t a corporate entity,” Jimmy Page explained to Rolling Stone in 2014. “Led Zeppelin was an affair of the heart. Each of the members was important to the sum total of what we were. I like to think that if it had been me that wasn’t there, the others would have made the same decision. And what were we going to do? Create a role for somebody, say, ‘You have to do this, this way’? That wouldn’t be honest.”
Read more on the originally published article here.