Orlando Bloom and Miranda Kerr separate, actor 'cheating' with 'Romeo and Juliet' Beauty Condola Rashad? [PHOTOS]

Several reports confirm that Orlando Bloom and Miranda Kerr are headed for divorce after three years of marriage. The Hollywood couple recently announced that they've been officially seperated for a few months now.

A rep for the "Pirates of the Carribean" heartthrob and gorgeous Australian model released in a joint statement:

"Orlando Bloom and Miranda Kerr have announced that they have been amicably separated for the past few months. After six years together, they have recently decided to formalize their separation."

The rep adds, "Despite this being the end of their marriage, they love, support and respect each other as both parents of their son and as family."

Bloom and Kerr began dating in 2007. The duo announced their engagement in June 2010. In July of that same year, Kerr admitted that they had tied the knot in "an intimate ceremony." Kerr gave birth to son Flynn Christopher Blanchard Copeland Bloom in January 2011.

But according to the infamous webloid MediaTakeOut.com, this mutal break up isn't all it appears to be...

Bloom currently stars alongside actress Condola Rashad on Broadway in "Romeo and Juliet." Apparently, sparks started flying on and off stage between the two, and they secretly started dating earlier this summer...

An MTO insider explains that Bloom and Rashad are "very into each other" and are "very happy." Check out some "intimate" photos here.

What do Mstars fans think about the cheating rumors in light of Bloom and Kerr's divorce?