Complex sentence: With a lot of discussion, Tony Wilson, Rob Gretton and Alan Erasmus set up Factory, stealing Martin Hannett from Rabid and thus Factory Records was born, with Wilson, Erasmus, Saville and producer Hannett as partners in the enterprise.
Split into simpler sentences: With a lot of discussion, Tony Wilson, Rob Gretton and Alan Erasmus set up Factory Records, stealing Martin Hannett from Rabid. Thus Factory Records was born, with Wilson, Erasmus, Saville and producer Hannett as partners in the enterprise.