Complex sentence: The Orchard was formally owned by Dimensional Associates, which also owns eMusic, but has since merged with competing distributor DMGI and now trades under ORCD on Nasdaq, and most recently the label bought TVT Records in a bidding war over the bankrupt label.
Split into simpler sentences: The Orchard was formally owned by Dimensional Associates, which also owns eMusic, but has since merged with competing distributor DMGI and now trades under ORCD on Nasdaq. The label bought TVT Records in a bidding war over the bankrupt label.