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UPDATE:

Radar Online reports,

Tom Cruise and Katie Holmes have reached a divorce settlement, and asRadarOnline.com exclusively reported first, she will have primary custody of their daughter Suri Cruise.

Katie will continue to live in New York City with Suri, 6, and RadarOnline.com has exclusive details about Tom’s visitation rights, and one point that was important to Katie was that nanny and bodyguards she hired continue to be with Suri.

“Katie insisted that Suri’s nanny and bodyguards always accompany her when she visits Tom. Katie did this for several reasons. This will ensure a smooth and easy transition for Suri when she is with Tom.

Less than two weeks after Katie Holmes filed for divorce from Tom Cruise, her husband of five years, the two have already reached a settlement in what could have turned into a nasty divorce battle.

DETAILS: Tom Cruise & Katie Holmes Take The High Road With Joint Statement

TMZ reports: 

Tom Cruise and Katie Holmes have SETTLED their divorce … this according to Katie’s lawyer.

Jonathan Wolfe tells TMZ, “This case has been settled and the agreement has been signed.  We are thrilled for Katie and her family and are excited to watch as she embarks on the next chapter of her life.”

Stay tuned as more details emerge…

SOURCE: TMZ

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