Britney Spears Sells Up 8/2/07

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Britney Spears has sold the Malibu, California home she shared with ex-husband Kevin Federline.

The singer has sold the seven-bedroom property to an anonymous buyer for $12 million.

Spears put the mansion on the market last November (06) for $13.5 million, but cut the price in March (07).

The pop superstar's other California mansion, a six-bedroom house in Beverly Hills, remains on the market for just under $7.5 million, according to Life & Style magazine.

As she attempts to sell the second home, Spears has reportedly moved herself, her two sons and her entourage into the Four Seasons Hotel in Beverly Hills.