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The Hoff and Wife Work It Out!

12/18/2007 1:45 PM PST BY TMZ STAFF

TMZ has learned David Hasselhoff and ex-wife Pamela Bach have finally reached a deal on the financial issues and division of assets in their divorce. Long time coming!
Pamela Bach, David Hasselhoff
We're told the couple and their lawyers met last Friday and hammered out a settlement in a meeting that lasted well into the evening. As part of the deal, they will share 50/50 custody of daughters Taylor and Hayley. They also reached an agreement on spousal and child support, but those terms were not disclosed.

The couple's Encino, Calif. home will be put on the market. David had allowed Pamela to live there after she was ordered to move out, but they have now agreed to sell the property.

UPDATE: TMZ has learned the Hoff is on vacation in Hawaii, soaking up the rays. We're told his daughters will be joining him after they spend Christmas with his ex-wife. As for settlement, David issued the following statement to TMZ "I'm pleased that everything is resolved and I am very proud of my daughters who have remained strong and exhibited dignity during this very difficult time. We are all moving on."

UPDATE: A rep Pamela released the following statement: "Although Pamela has been working hard to put this divorce behind her and moving on, since David was unavailable to attend Friday's conference meeting, an agreement was not signed. Despite published reports, a settlement has not been reached nor finalized. Once David returns from vacation and elects to attend the next scheduled meeting -- which to date, he has not been present at any -- a settlement may be reached. As usual, Pamela's top priority is being a full-time mom to their girls."

16 COMMENTS

No Avatar
1.

SO SICK OF BRITNEY    

FIRST!

2399 days ago
2.

Dyna ™    

Family dinner at Wendy's every Sunday. ahhhhhhhhh

2399 days ago
3.

Party 'till you die!    

I'll drink to that! Who's hungry for some burgers now!

2399 days ago
4.

Elementa    

Maybe they're going on an couple's cruise with the Hogan's and switch off when they got on the boat?

2399 days ago
5.

littlemiss    

Finally.

2399 days ago
6.

Elementa    

Hey the Hoff! It's lunch time where I'm at. Want to Biggie size a combo in honor of the happy occasion.

2399 days ago
7.

FlBiker    

Don't hassle the Hoff!

2399 days ago
8.

Standards are badly needed.    

Here's to each of them getting enough time and healing to become better friends than they were spouses. It will mean the world to their kids. May they both thrive and prosper.

2399 days ago
9.

SuzyCreamCheese    

Is it just me or is someone cranking out Linda Hogan look-a-likes somewhere in LA.
That face is enough to drive anyone to drink!

2399 days ago
10.

2 1/2 Volts    


Cook out at Hoffs on Saturday, Im bringing the Bud!

We'll get drunk and eat Cheeseburgers!

2399 days ago
11.

new tv shows    

good thing they got to sort things out between them

2399 days ago
12.

cochino    

unless I'm getting a piece of this action, I really could care less

some stuff just doesnt belong here

2399 days ago
13.

jbird    

Better have a food taster!Mwwuuahahhha

2399 days ago
14.

HL    

DOES THAT MEAN DAVID HAS TO GIVE UP HALF HIS LADIES LINGERIE TO HIS EX? IS HE DATING KID ROCK? DOES KID ROCK SWALLOW?

2398 days ago
15.

Michael000    

She must be glad it's done with, here's a pic of Pamela cozied up with the singer Al Walser. He's in L.A. from Liechtenstein, one of the richest countries in the world, and apparently she wants a piece of him as well.

http://i141.photobucket.com/albums/r62/martymar000/pamelaandal3-1.jpg

2398 days ago
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