Complex sentence: In July 2005 Konica Minolta announced a partnership with Sony to research and develop camera technologies, the following March Konica Minolta announced its withdrawal from the camera business altogether and transferred all of its camera assets to Sony as of March 2006.
Split into simpler sentences: In July 2005, Konica Minolta announced a partnership with Sony to research and develop camera technologies. The following March, Konica Minolta announced its withdrawal from the camera business altogether and transferred all of its camera assets to Sony as of March 2006.