Complex sentence: The film was intended to be produced by DreamWorks Animation and distributed by Universal Pictures, making it the first DreamWorks Animation film to be distributed by Universal, as NBCUniversal acquired DreamWorks Animation in 2016.
Split into simpler sentences: The film was intended to be produced by DreamWorks Animation and distributed by Universal Pictures. Had it been made, it would have been the first DreamWorks Animation film to be distributed by Universal Pictures, whose parent company NBCUniversal acquired DreamWorks Animation in 2016.