Circumventing what many predicted would be a drawn-out, acrimonious, and highly public divorce process, Madonna and Guy Ritchie have reportedly reached an amicable settlement. According to the Times of London, the couple's children, Rocco and David, will split their time between London and New York. Madonna is said to be keeping the bulk of her $450 million fortune, which means Guy did not push for his legally allowed 50 percent. It's reported that he has his own $40 million fortune to fall back on.

But what is really news is that dress she wore to the Gucci party at the Plaza last night. We absolutely cannot wait to hear what the Cut has to say about that. Is she preparing herself to move back to the city, where there's no grass?

Madonna and Guy Ritchie agree divorce settlement over £300million fortune [Times UK]