Islamic State released a statement on Saturday saying "eight brothers wearing explosive belts and carrying assault rifles" had carried out the attacks on "carefully chosen" targets, and were a response to France's involvement in the air strikes on IS militants in Syria and Iraq.
Shortly before, President Hollande said France had been "attacked in a cowardly shameful and violent way".
"So France will be pitiless in its response to the Islamic State militants," he said, vowing to "use all means within the law.. on every battleground here and abroad together with our allies".
As Paris reels from the events of Friday night, many municipal buildings as well as Disneyland Paris have been closed and sports events have been cancelled.
Police believe all of the gunmen are dead - seven killed themselves with explosives vests and one was shot dead by the security forces - but it is unclear if any accomplices are still on the run.
US President Barack Obama spoke of "an outrageous attempt to terrorise innocent civilians".
UK PM David Cameron said he was shocked and pledged to do "whatever we can to help".
The Vatican called it "an attack on peace for all humanity" and said "a decisive, supportive response" was needed "on the part of all of us as we counter the spread of homicidal hatred in all its forms".
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