Complex sentence: James I of England commissioned a translation of the Tanakh from Hebrew to English, which became the Old Testament component of the new King James Version of the Bible, or "KJV" Bible.
Split into simpler sentences: James I of England commissioned a translation of the Christian Bible from the original languages, including a translation of the Tanakh or Old Testament from Hebrew into English. This became known as the King James Version of the Bible, or "KJV" Bible.