12/15/2008 at 01:00 PM EST
has reached a divorce settlement with Guy Ritchie, according to the singer's rep.
The pop star will pay her ex between $76 million and $92 million, her spokeswoman Liz Rosenberg tells the Associated Press.
Rosenberg says the figure includes the value of their country home Ashcombe, in western England, as well as the couple's London pub, the Punchbowl.
"I'd assume it's one of the largest payouts ever in a divorce settlement," Rosenberg told the AP.
While the financial details of the settlement have been ironed out, Madonna, 50, and Ritchie, 40, are still finalizing custodial arrangements for their children.
Madonna filed for divorce citing Ritchie's "unreasonable behavior" as a cause. The two were granted
a preliminary "quickie divorce" on Nov. 21 in the High Court of London.
Ritchie's rep declined to comment to the AP.
As for reports that the couple plan to spend Christmas together, Madonna's rep tells PEOPLE that is not true.
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