Complex sentence: In July 2012, inMusic, parent company of brands such as Akai Professional and Alesis, announced its acquisition of AIR from Avid, as part of a larger acquisition that included Avid's consumer audio products and the M-Audio brand.
Split into simpler sentences: In July 2012, inMusic, parent company of brands such as Akai Professional and Alesis, announced its acquisition of AIR from Avid. The sale of AIR was part of a larger acquisition by inMusic that included Avid's consumer audio products and the M-Audio brand.