Brad Pitt & Angelina Jolie Breakup, and Sign a $250M Split Deal

Brad Pitt and Angelina Jolie are set to go their separate ways, according to reports.

The Hollywood power couple are said to have been in talks with lawyers to agree a £205million split deal.

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

While the agreement will give them joint custody, the children - three of whom are adopted - will live with their mother, the News of the World reported.

The news comes after months of speculation that the couple - who are not married - were drifting apart.

Preparations for their break-up reportedly began in December when they visited a Los Angeles legal firm to begin thrashing out a deal.

Last week the National Enquirer ran a story claiming the couple's relationship had ended after a furious row at a New York restaurant earlier this month.

'Their focus is now on making a smooth transition for their children,' the magazine claimed.

'Brangelina' have not been pictured together recently. On Friday night 46-year-old Brad was photographed backstage at the Hope For Haiti Now telethon in Los Angeles without Angelina, 34.