Complex sentence: In 1960 the company was purchased by United Artists and merged with UA's own television company to become Ziv-United Artists, but two years later, the name reverted to United Artists Television after UA phased out Ziv Television Programs' operations.
Split into simpler sentences: In 1960 the company was purchased by United Artists and merged with UA's own television company to become Ziv-United Artists. But two years later, the name reverted to United Artists Television after UA phased out Ziv Television Programs' operations.