On July 17, 1996, News Corporation—which separated most of its entertainment holdings into 21st Century Fox in July 2013—announced that it would acquire New World in an all-stock transaction worth $2.48 billion. The purchase by News Corporation was finalized on January 22, 1997, folding New World's ten Fox affiliates into the former's Fox Television Stations subsidiary and making all twelve stations affected by the 1994 agreement owned-and-operated stations of the network. (The New World Communications name continues in use as a licensing purpose corporation—as "New World Communications of Inc." or "NW Communications of [state/city, Inc."—for WAGA and its sister stations under Fox ownership, extending, from 2009 to 2011, to the former New World stations that Fox sold to Local TV in 2007.)