Complex sentence: On August 24,2012, Townsquare reached a deal to acquire the MOG Music Network, an advertising network for music blogs, from MOG, a streaming music service that had reached a deal to be acquired by Beats Electronics.
Split into simpler sentences: On August 24,2012, Townsquare reached a deal to acquire the MOG Music Network, an advertising network for music blogs. The network was part of MOG, a streaming music service that had previously reached a deal to be acquired by Beats Electronics.