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Despite the seemingly bad news, multiple friends of the couple tell E! News that all is good between the Oscar winner and Coldplay rocker.
"It's not a sad thing," one pal said. "They're two grown-ups. They're best friends. Most important are the kids and they will continue to co-parent. They're in a great place. They tried, but know this is a better way for them to be. They still love each other, but they realize it's best not to be a couple anymore."