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Spears & Federline settle their divorce

Spears - Has agreed on a divorce settlement with Federline
Spears - Has agreed on a divorce settlement with Federline

Pop singer Britney Spears and her estranged husband Kevin Federline have reportedly reached a divorce settlement.

According to People magazine, Michael Sands, a spokesperson for Federline's lawyer Mark Vincent Kaplan, confirmed that the pair had reached a settlement.

"The parties signed a global settlement on all issues of their marriage and the custody of the children," Sands said.

The report claimed that Spears, Federline and their legal representatives spent five hours at the offices of Spears' legal team working out the settlement.

The terms of the deal, which must be approved by a judge at a later date, were not revealed.

Spears filed for divorce from Federline last November, citing irreconcilable differences as the reason.

The couple have two children together, Sean Preston and Jayden James.

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