Complex sentence: Renaissance Cruises was a cruise ship operating company originally founded in 1989 owned by Fearnley & Eger Rederi in Oslo, Norway, but was later purchased by Edward Rudner (founder of Alamo Car Rental) as the company faltered during the Gulf War.
Split into simpler sentences: Renaissance Cruises was a cruise ship operating company that was founded in 1989 and owned by Fearnley & Eger Rederi in Oslo, Norway. It was purchased by Edward Rudner (founder of Alamo Car Rental) as the company faltered during the Gulf War.