Spears, Federline reach divorce settlement

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Britney Spears and Kevin Federline have reached a settlement in their divorce, People magazine said on Thursday on its Web site.

Terms were not disclosed.

"The parties signed a global settlement on all issues of their marriage and the custody of the children," a spokesman for Federline's attorney Mark Vincent Kaplan told People.

A judge would have to approve the settlement for the divorce to become final.
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