Complex sentence: The Hippodrome was built by Frederick Thompson and Elmer Dundy, creators of the Luna Park amusement park at Coney Island, and was acquired by The Shubert Organization in 1909.
Split into simpler sentences: The Hippodrome was built by Frederick Thompson and Elmer Dundy, creators of the Luna Park amusement park at Coney Island. The theatre was acquired by The Shubert Organization in 1909.