“With tremendous love and respect for each other, and the 18 years we spent together as a couple, we have made the decision to separate,” the couple said.
“Our priority will continue to be raising our children as devoted parents and the closest of friends. We kindly ask that the media respect our privacy at this time.”
The two met in 1999 and shortly a year after, got married in Hawaii. They had two children, Ella Olivia, 15 and Quinlin Dempsey, 11.
“I think you got to laugh. Because you know after a while you know life is life you know?” Stiller said.
“We all have to deal with what life throws at us, so you got to have a sense of humor about it. If you can share that, at the end, it makes a huge difference,” he added.
However, according to sources close to the couple, their decision to split was brought about by conflicting priorities.
“It gets hard — he has a very busy Hollywood career, and she’s been very focused on being a mom,” says the source.
Stiller and Taylor are co-stars in Zoolander, Dodgeball: A True Underdog Story, Tropic Thunder, Arrested Development and Zoolander 2.