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Tom Cruise & Katie Holmes Reach Divorce Settlement, She Keeps Suri

//tom katie divorce settlement

Jul. 9 2012, Published 8:00 a.m. ET

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By Alexis Tereszcuk - Radar Entertainment Editor

Tom Cruise and Katie Holmes have reached a divorce settlement, and as RadarOnline.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, but will extend generous visitation rights to Tom.

Katie filed for divorce less than two weeks ago and moved into a new apartment in the tony Chelsea neighborhood and has been spotted almost daily with her daughter in Manhattan, while Tom finished filming Oblivion in Iceland and then returned to their home in Beverly Hills, where he spent his 50th birthday with his older children Isabella and Connor Cruise.

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"We are committed to working together as parents to accomplish what is in our daughter Suri's best interests. We want to keep matters affecting our family private and express our respect for each other's commitment to each of our respective beliefs and support each other's roles as parents," a statement from Holmes and Cruise's reps said.

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