Hollywood superstars Brad Pitt and Angelina Jolie have reportedly decided to go their separate ways by ending their five year-old fairytale romance.

If reports are to be believed, the power couple, known in Hollywood as Brangelina, has signed a 205 million pound split deal after meeting a top divorce lawyer.

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

The agreement will give them joint custody, the children, three of whom are adopted, will live with Jolie, the paper said. The news comes after months of speculation that the couple, who are not married, were headed for a split.

Preparations for the break-up reportedly began in December when they visited a Los Angeles legal firm to carve out a deal dividing the property between them. Pitt, 45, and Jolie, 34, are expected to announced their break-up soon.

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