Simon Cowell
Cowell is reportedly expecting a baby with New York socialite Lauren Silverman.

Socialite Lauren Silverman has reportedly reached an amicable divorce settlement with her husband Andrew Silverman. This deal is reportedly the result of a private meeting between Cowell and Silverman at the Francis S. Gabreski Airport in the Hamptons. Cowell had apparently financed this divorce to the tune of £10m.

"Everyone is trying to resolve this amicably. Andrew and Simon have been friends for six years so there is a lot of history there," sources stated.

"They met in private because so much about this story has leaked out to the press and they really wanted this to be between them. Everyone is conscious that there is a 7-year-old boy that is the priority here," the source added.

Cowell, reportedly is also looking forward to becoming a dad.

"Lauren and Simon are together and they are working everything out as best they can. Simon is happy and excited and in a great place. He is supportive of Lauren and looking forward to becoming a dad. Everyone is trying to sort this out fairly and quickly. We all expect it to be wrapped up by the end of the week," a source close to Cowell stated.

Lauren is being divorced by her husband, real estate tycoon Andrew Silverman, who has named 53-year-old Cowell in his at-fault divorce filing. She is already mother to one child -- seven-year-old Adam Silverman. Silverman has filed for an at-fault divorce in a Manhattan court, naming his wife and Cowell as the offending parties.

Cowell has offered child support to the tune of £3m-a-year, which would continue till the baby reaches the legal age of adulthood in America. The £63m deal is reportedly spread over 21 years. According to sources, Cowell has also agreed to cover all of Mr Silverman's legal costs, which could amount to as much as £2,00,000, if he drops the adultery claim and accepts a simple no-contest divorce.