Watch live: President Obama meets Donald Trump at White House

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President Obama is set to meet with President-elect Donald Trump at the White House on Thursday.

Obama will welcome his successor and a meeting will take place behind closed doors. The pair is also expected to appear together for media in the Oval Office.

The president-elect will be accompanied by his wife, Melania, who will have a meeting with first lady Michelle Obama.

Related: Images of presidents meeting their successors

Presidents meeting their successors
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Presidents meeting their successors
U.S. President Barack Obama meets with President-elect Donald Trump in the Oval Office of the White House in Washington November 10, 2016. REUTERS/Kevin Lamarque 
US President George W. Bush and his wife Laura(obscured) welcome president-elect Barack Obama and his wife Michelle to the White House NOvember 10, 2008 in Washington, DC. Bush invited Obama for the private talk, a rite of passage between presidents and successors that extends for decades.The two are expected to discuss the nation's enormous economic downturn and the war in Iraq. AFP PHOTO/Jim WATSON (Photo credit should read JIM WATSON/AFP/Getty Images)
WASHINGTON, : US President BIll Clinton (R) and President-elect George W. Bush(L) shake hands during meetings19 December, 2000 at the White House in Washington, DC for discussions on the transition to power on 20 January 2001. Bush will meet later with US Vice President Al Gore, the man he defeated in the election. AFP PHOTO/Paul J. RICHARDS (Photo credit should read PAUL J. RICHARDS/AFP/Getty Images)
Pres. George H. W. Bush, left, and President-elect Bill Clinton, right, put their arms around each other as Bush greeted the Clinton family at the White House, Wednesday, Jan. 20, 1993, Washington, D.C. Shortly afterward, they left for Capitol Hill and the swearing in of Clinton as the nations 42nd President. Clintons daughter Chelsea Clinton, left, and his wife Hillary Clinton, center, take part in the greeting. (AP Photo/Doug Mills)
President Ronald Reagan, left, shakes hands with President-elect George H. W. Bush as First Lady Nancy Reagan looks at the White House prior to leaving for the Capitol for the inauguration of Bush as the 41st President, Friday, Jan. 20, 1989, Washington, D.C. (AP Photo/Doug Mills)
President Jimmy Carter and wife Rosalynn meet President-elect Ronald Reagan and his wife Nancy, right, at the North Portico of the White House in Washington on Jan. 20, 1981. (AP Photo)
President-elect Jimmy Carter and his wife Rosalynn are greeted at the White House in Washington on Jan. 20, 1977 by President Gerald Ford and first lady Betty Ford. The Fords invited the Carters to the White House for coffee in the Blue Room prior to the Carter Inauguration at noon. From left, Tip O'Neill; Mrs. Carter; Mrs. Ford; President-elect Carter and outgoing President Ford. Man at right is unidentified. (AP Photo)
*** FILE *** Gerald R. Ford and his wife Betty, in one of his last duties as Vice President, walks with Richard Nixon and his wife Pat from the White House, Friday following a speech given by Nixon to his White House staff, August 9, 1974. Shortly afterward, Ford was sworn in as the 38th President of the United States. Gerald R. Ford, who picked up the pieces of Richard Nixon's scandal-shattered White House as the 38th and only unelected president in America's history, has died, his wife, Betty, said Tuesday Dec. 26, 2006. He was 93. (AP Photo)
President-elect Richard Nixon and family arrive at the White House and are greeted by President Lyndon Johnson and Mrs. Lady Bird Johnson on Jan. 20, 1969 in Washington. From left are: Mr. and Mrs. Nixon, David Eisenhower, Tricia Nixon and her escort Ed Cox and President and Mrs. Johnson. (AP Photo)
Retiring President Dwight Eisenhower and his successor John F. Kennedy, left, leave the White House to ride together to the Capitol for the inauguration of Kennedy as 35th president in Washington, D.C., Jan. 20, 1961. (AP Photo/Henry Burroughs)
With smiles and a wave, U.S. President Harry Truman, left, and his successor, president-elect Dwight D. Eisenhower, leave the White House in an open car for inauguration ceremonies in Washington, D.C. on Jan. 20, 1953. Sitting in the front is Sen. Styles Bridges of New Hampshire, and behind him is House Speaker Joe Martin. (AP Photo)
President-elect Franklin D. Roosevelt greets current Pres. Herbert Hoover warmly as the latter steps into the Roosevelt car at the White House for the trip to the Capitol and the inaugural ceremonies in Washington, March 4, 1933. (AP Photo)

The billionaire businessman bested Democratic nominee Hillary Clinton to win the 2016 election in the biggest upset in U.S. history.

After a volatile election cycle, Clinton spoke Wednesday morning, conceding the race to Trump. Obama made a statement on Wednesday, as well, saying Trump should be given a chance.

"We are now all rooting for his success in uniting and leading the country," Obama said.

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