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Is it over for Brangelina?

If reports are to be believed, the couple has signed a 205 million pound split deal after meeting a top divorce lawyer. Read on to know the details.

entertainment Updated: Jan 25, 2010 12:24 IST

BrangelinaHollywood superstars Brad Pitt and Angelina Jolie have reportedly decided to go their separate ways by ending their five year-old fairytale romance.

If reports are to be believed, the power couple, known in Hollywood as Brangelina, has signed a 205 million pound split deal after meeting a top divorce lawyer.

Legal papers, which the pair allegedly signed this week, reveal they plan to share their fortune equally and custody of their six children, the British newspaper News of the World reported.

The agreement will give them joint custody, the children, three of whom are adopted, will live with Jolie, the paper said.

The news comes after months of speculation that the couple, who are not married, were headed for a split.

Preparations for the break-up reportedly began in December when they visited a Los Angeles legal firm to carve out a deal dividing the property between them. Pitt, 45, and Jolie, 34, are expected to announced their break-up soon.

"The document was signed in early January. Both Brad and Angelina had signed it. It seemed clear they want the world to know they'll both play a part in the upbringing of the children. But Angelina will actually be the one who lives with them full-time," the newspaper quoted a source as saying.

"There's no date for when the contract would come into effect. But the paperwork is already organised for a break- up - and for it to be as unmessy for them as possible. It is clear it's a case of when they break up rather than if," the source added.