Hogans Pin Down Divorce Deal

After taking each other to the mat, exes Hulk and Linda finally reach settlement

Hey, we just spotted a pig soaring outside our window. And in related news, Hulk and Linda Hogan are making nice.

The long-clashing, mud-slinging duo reached a deal to end their bitter divorce battle. Attorneys for the Hogans appeared in a Clearwater, Fla., court this morning to announce the settlement, which was hashed out last night, E! News has learned.

Linda filed for divorce in 2007, accusing the Hulkster of having an affair. The estranged twosome had been squabbling over assets worth around $30 million.

Terms of the deal were not disclosed, but both sides seem relieved, if not happy, to have the messiness done with.

"Hulk is looking forward to moving on with his life and is very hopeful that he and Linda can maintain a friendship and work together as parents to their two children," Hogan's rep told E! News.

Said Linda, "The war is over."

Indeed. A beaming Linda walked into the courtroom and actually gave her soon-to-be ex-hubby a friendly peck on the cheek as he sat next to his girlfriend, Jennifer McDaniel.

Afterwards she called the agreement "good for our family. It's good for our kids. It's great being on speaking terms with my husband—with my ex-husband."

According to court documents filed in 2008, the spouses sought an equitable division of their net worth and property that included a $6.4 million, 17,000-square-foot mansion in Belleair, Fla., and another 3,474-square-foot beach house in Clearwater valued at $1.4 million.

But things quickly turned ugly. Over the past 20 months, the spouses trade allegations so nasty, they would have made the hair on Andre the Giant stand on end.

In her petition to end their two-decade-plus union, Linda, 49, alleged the 55-year-old Hulk (real name Terry Bollea) had an affair. While he in turn accused her of drug abuse, and misappropriation of the family dough, which her lawyer countered called "a complete fabrication."

The turmoil spilled over to the rest of the family, leading to a rift between Linda and daughter Brooke.

The 21-year-old singer told E! News last month that she felt "betrayed" by her mom and reiterated the drug allegations. That prompted Linda to release a statement insisting she tested negative after undergoing a full drug screening for illicit substances and demand an apology from both Brooke and her dad.

—Additional reporting by Lindsay Miller

(Originally published July 28, 2009, at 9:12 a.m. PT)