Complex sentence: Rumors of bankruptcy begin to surround Dunder Mifflin, and by Christmas, Wallace announces to the branch that Dunder Mifflin has accepted a buyout from Sabre Corporation, a printer company.
Split into simpler sentences: Rumors of bankruptcy begin to surround Dunder Mifflin. By Christmas, Wallace announces to the branch that Dunder Mifflin has accepted a buyout from Sabre Corporation, a printer company.