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VIA CBS NEWS:

Michael Jackson’s mother will get custody of his three children under terms of a deal that’s just been reached.

The word comes in an exclusive interview by “Early Show” features reporter and weather anchor Dave Price of L. Londell McMillan, the attorney for Katherine Jackson.

He says Katherine, 79, and Debbie Rowe, the biological mother of two of Jackson’s kids, have come to terms.

Sources tell CBS News Katherine will get full custody and Rowe will have visitation rights, but won’t be getting any money under terms of the pact.

There had been reports, hotly denied by Rowe, that she had previously agreed to accept a large sum of money to relinquish all her parental rights.

The accord would appear to head off what some observers has predicted would be a bitter custody battle between the two women.

“It’s an agreement, an agreement for the best interests of the children. This is not a money deal. This is not about money. … “There is no situation better for these children than for them to be raised and reared in the loving care of Mrs. Katherine Jackson,” McMillan told Price.

In the wide-ranging interview, McMillan, who’s also represented such big-name celebrities as Kanye West, Stevie Wonder, Spike Lee and Prince, and who owns The Source magazine, also discussed the battle over Jackson’s estate, the pending autopsy results, how the family is coping with Jackson’s death, and rumors of a fourth Jackson child.

He estimated that Michael’s estate could be worth as much as $2 billion.

Read more here.

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