Complex sentence: In August 2005, he sold his company, Ronco, to Fi-Tek VII, a Denver holding company, for US $55 million, with plans to continue serving as the spokesman and inventor while being able to spend more time with his family.
Split into simpler sentences: In August 2005, he sold his company, Ronco, to Fi-Tek VII, a Denver holding company, for US $55 million. He said he plans to continue serving as the spokesman and inventor, but wants to spend more time with his family.