Wendi Deng and Rupert Murdoch have agreed to end their 14-year old marriage amicably, preferring to settle on their own rather than proceed to trial.

The terms of the settlement were not released, but Deng will get to keep the $44 million penthouse the couple shared on the Upper East Side.

“We are pleased to announce that we have reached an amicable settlement of all matters relating to our divorce,” Rupert Murdoch and Wendi Deng Murdoch said in a joint statement. “We move forward with mutual respect and a shared interest in the health and happiness of our two daughters. We will not comment on this any further.”

The News Corporation CEO married Deng, who is 37 years his junior, just a few weeks after his divorce from Anna Torv, who shares three adult children with him. He also has a daughter with his first wife, Patricia Booker. Murdoch reportedly wanted Deng to keep their New York City home in order to keep things on a more even keel for their daughters, Grace and Chloe.

82-year old Murdoch reportedly has a new girlfriend already–a massage therapist who travels with him–but he has not commented on a relationship.

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