Swizz Beatz and Timbaland‘s $28 million legal war with Triller over their Verzuz payouts has come to a close — the 2 hip hop superproducers have settled.

TMZ broke the story … Swizz and Timbaland sued Triller following the sale of their series, accusing Triller of failing to deliver on all the promised payouts — and although the terms of their settlement are confidential, both guys say they’re happy with the outcome.

Tim and Swizz say … “Verzuz has always been a platform that is by the artists, for the artists and with the people.”

Their joint statement to Rolling Stone continues, “We’re glad to come to an amicable agreement with Triller and continue giving fans the music and community that they’ve come to know and love from the brand.”