Complex sentence: Founded in 1917 by Albert Boni and Horace Liveright as an imprint of their publishing company Boni & Liveright, it was purchased in 1925 by Bennett Cerf and Donald Klopfer.
Split into simpler sentences: Founded in 1917 by Albert Boni and Horace Liveright as an imprint of their publishing company Boni & Liveright. It was purchased in 1925 by Bennett Cerf and Donald Klopfer.