LONDON, U.K. -- Guy Ritchie and Madonna have settled their divorce, according to the U.K. publication, The Sun.

The "RocknRolla" director will reportedly walk away with assets totaling around $60 million, including a 1,200-acre country estate, a London pub, and a cash settlement.

VIEW THE PHOTOS: Madonna's Men

Madonna will hold on to her New York and Los Angeles homes and most of her considerable fortune, The Sun reported.

"The negotiations were relatively painless," The Sun quoted a source as saying. "Guy knew what he wanted and Madonna knew what she was keen to keep. There was a spell when Guy was in a mood to dig his heels in, but he decided this arrangement seemed reasonable and a long battle over money would make life unbearable."

VIEW THE PHOTOS: Madonna

Madonna is being represented by divorce lawyer Fiona Shackleton, who formerly represented Paul McCartney in his divorce from Heather Mills. Shackleton reportedly negotiated Madonna's divorce terms during a day of phone calls with Guy's lawyers.

The former couple reportedly expects to reach a compromise over their three kids -- Lourdes, 12, who is the daughter of Madonna and ex Carlos Leon, and sons Rocco, 8, and David, 3.

With the divorce all but out of the way, Guy, who's in London filming "Sherlock Holmes" with Robert Downey Jr., is reportedly ready to move on romantically as well.

http://omg.yahoo.com/news...t/14346?nc

damn, that was quick

They both wanted a quick,painless divorce so this is a good thing.They can now move on.I heard that A-Rod is already looking for a new apartment close to Madonn's New York pad

"time goes by so slowly for those who wait....no time to hesitate".

come on it's Madonna and as we all know this has been underworks for sometime. i'm sure they annoucement was made this week because the settlement was reached. it's all planning.

ehuffnsd said:

hmm true

So they're officially divorced?

Timmy84 said:

it appears that way.

ehuffnsd said:

Doesn't it usually take several months before a divorce is finalized? This leads me to believe that they started this process months ago but are just now confirming it to the public.

SoulAlive said:

like i said above. we've known this was coming since at least March or so. i believe orginially we were told we'd hear something at the end of the tour but since Madge keeps extending it i'm sure once the settlement was reached they made it public so guy can move on with his life and adjust to being her ex

bboy87 said:

Not really, just cuz they announced this week doesn't mean this hasn't been in the works for MONTHS. Remember awhile back when the A-Rod thing broke? It was reported that Madonna was meeting with divorce lawyer Fiona Shackleton then. I think they had this underway and waited until they were close to a settlement to make a public statement.