Rupert Murdoch reaches 'amicable' six minute divorce deal with wife of 14 years Wendi Deng as she 'gets the NY home and he the California mansion'

Nuptials: The couple married aboard Mr Murdoch's yacht in New York harbor in June 1999

Deal: Rupert Murdoch, centre, and members of his legal team arrive at court in Manhattan today

Wendi Deng arrives in court in New York. She will reportedly receive their New York home while he will get the couple's California mansion

Split: Wendi Deng Murdoch and husband of 14 years at the State Supreme court in Manhattan today

The terms of the agreement weren't disclosed in court.

'We are pleased to announce that we have reached an amicable settlement of all matters relating to our divorce,' the two said in a statement released through a publicist.

'We move forward with mutual respect and a shared interest in the health and happiness of our two daughters.'

The divorce isn't technically final; it will happen after state Supreme Court Justice Ellen Gesmer signs some yet-to-be-submitted paperwork. She told the couple Wednesday she was 'glad that you have been able to resolve these matters amicably.'

The two answered Gesmer's yes-and-no questions about whether they understood and approved an agreement ending their marriage. Asked whether he was satisfied with the agreement, Rupert Murdoch replied in a strong voice, 'Yes, your honor.'

The settlement is largely based on two prenuptial agreements and two 'postnuptial' agreements that modified the original agreements, a person familiar with the situation said Tuesday, speaking on condition of anonymity because the matter is personal.

Wendi Deng will reportedly receive the couple's apartment in New York which Mr Murdoch is understood to have paid $44million for back in 2004

Mr Murdoch reportedly put his yacht up for sale in September with an asking price of $29.7million

The yacht's interiors were designed by Christian Liaigre and features pale oak woods, Hermes leather furnishings and neutral palettes throughout

The divorce will end a third marriage for Rupert Murdoch who got his start in his family's newspaper business in his native Australia and built a global media conglomerate. Forbes pegged his and his family's wealth at $13.4 billion in September.

Murdoch's News Corp. split this year into two companies: the journalism and publishing portion, still called News Corp., and the more profitable film and TV unit, 21st Century Fox. Both are publicly traded and based in New York.

The divorce won't affect control of the companies or the succession plan for them. Rupert Murdoch controls them through a family trust that benefits his four children from previous marriages - Prudence, Elisabeth, Lachlan and James. The latter three have had active roles in the companies.

Upon Rupert Murdoch's death, all four will have an equal say in what happens to the roughly 38 per cent voting stock the trust holds in both companies.

Media tycoon Rupert Murdoch's divorce from wife of 14 years Wendi Deng is 'almost complete' claim sources with the couple due in court today

'Irretrievably broken': Rupert Murdoch filed for divorce on at New York Supreme Court. The document stated the couple's divorce had 'broken down'

Famous friends: Wendi Deng (right) was accused of using her husband's connections to spend time with celebrities, including Nicole Kidman (left)

Standing by her man: Wendi Deng (wearing pink jacket) is famous for punching the man who threw a pie at her husband's face during a parliamentary committee hearing