Salma Hayek and Ex-Fiance Reunite for Baby Valentina

Salma Hayek and her billionaire ex-beau Francois-Henri Pinault have decided to keep it civil. The actress called it quits after "looming absences from Francois-Henri," a close friend of hers tells, sometimes lasting as long as a month.

The quiet break up took place only recently, but already the ex-couple has met and agreed to maintain an amicable friendship and be equal participants in raising baby Valentina. A close friend told People En Español, "they've stayed friends because of their daughter. He's enamored with the little girl, and he doesn't want to miss out on raising her, so it doesn't make sense for him and Salma to not get along."

We're glad to see that not every relationship needs to unravel a la public showdowns and highly publicized custody battles, but we must admit, between those rumors that Francois-Henri fathered model Linda Evangelista's baby while dating Salma and his long, unexplained absences, we didn't expect to see Frankie get off the hook so easily!