Complex sentence: In 1995, Houston Industries, Time Warner, and KBLCOM, Inc. has inked an agreement, in which Time Warner Cable would acquire all assets of Paragon Cable and the entire stock of KBLCOM.
Split into simpler sentences: In 1995, Houston Industries, Time Warner Inc., and KBLCOM, Inc. has inked an agreement. Under the arrangement, Time Warner Cable would acquire all assets of Paragon Cable and the entire stock of KBLCOM.