DEBBIE ROWE has reportedly agreed to drop her bid for custody of her children with MICHAEL JACKSON - in exchange for a $4 million (£2.6 million) payoff.
Rowe relinquished her rights to Prince Michael, 12, and daughter Paris, 11, in 2001 after receiving an $8 million (Â£5.3 million) lump sum and an annual cash payment of $900,000 (Â£600,000) from the King of Pop.
Last week (10Jul09), a custody hearing was postponed until 20 July (09) to give the singer’s mother Katherine - who has temporary conservatorship - and Rowe time to try to reach an agreement over the kids’ future.
And now the New York Post alleges Rowe has accepted a $4 million payment to back out of the custody battle.
A family source tells the newspaper, "It’s one final payday. (The family) felt it was like a ransom-type thing. (Rowe) jumped back into the picture because she wanted money… This would be it. This takes away any rights she has to challenge custody at any given time.
"If something happens to Katherine, (Rowe) can’t challenge the next (custody), whether that be Diana Ross or someone in the family."