"Warner Bros. Television, Chuck Lorre and Charlie Sheen have resolved their dispute to the parties' mutual satisfaction," the studio said in a statement. "The pending lawsuit and arbitration will be dismissed as to all parties. The parties have agreed to maintain confidentiality over the terms of the settlement."
While details of the settlement were not released, the former Two and a Half Men star will reportedly get roughly $25 million to settle out of his contract, which represents Sheen's participation in profits from the show, according to L.A. Times, who initially reported on the near-resolution of the settlement. According to The Hollywood Reporter, the terms of the settlement include Sheen dropping all of his legal claims.