Complex sentence: It opened in 1937 as the New Hippodrome and was renamed Coventry Theatre in 1955 and in 1979 it was purchased by businessman Paul Gregg and became the Coventry Apollo.
Split into simpler sentences: It opened in 1937 as the New Hippodrome and was renamed the Coventry Theatre in 1955. In 1979 it was purchased by businessman Paul Gregg and became the Coventry Apollo.