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The on-again, off-again couple married in a private ceremony in December.
A representative of Cyrus confirmed the news to People magazine.
“Liam and Miley have agreed to separate at this time. Ever-evolving, changing as partners and individuals, they have decided this is what’s best while they both focus on themselves and careers.
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Rumors of Cyrus, 26, and Hemsworth, 29, parting ways started doing the rounds on Saturday after the singer posted a photo of herself on Instagram in which she was not wearing her wedding ring.