Katie Holmes will have Custody of Suri Cruise

Suri Cruise will live with her mother, Katie Holmes, in New York and may receive several visits from her father, Tom Cruise.

Tom Cruise and Katie Holmes have reached a divorce settlement that includes the terms on custody of their daughter, Suri, reported the online edition of People magazine today.

Cruise, 50 years, and Holmes, 33 years, agreed that Suri, six years old, will live with her mother in New York and may receive several visits from her father.

Holmes and Suri recently moved into an apartment in New York, where they have been seen in recent days while Cruise stayed in Los Angeles with his adolescent children, Connor, 17 years, and Bella, 19 years.

Cruise and Holmes made a public statment today calling for respect of their privacy. (MZ)