Activision has reportedly just finalized a deal that finds them outright purchasing King Digital Entertainment to the tune of $5.9 billion (USD). This was initially reported on by Kotaku. Let's take a look at some of the initial details as they are known.

From an alleged press release (I have not yet seen this press release anywhere myself yet as of the time of this posting), Activision's CEO Bobby Kotick issued the following remarks.
The combined revenues and profits solidify our position as the largest, most profitable standalone company in interactive entertainment. With a combined global network of more than half a billion monthly active users, our potential to reach audiences around the world on the device of their choosing enables us to deliver great games to even bigger audiences than ever before.

Let that $5.9 billion ($5,900,000,000.00) amount sink in a little bit there.