Complex sentence: On July 2006, it was announced that Shavick Entertainment will purchase a 52% steak in HARD on PrideVision and OUTtv, Pink Triangle Press' ownership will increase to 38% and PrideVision Inc. will remain at 9.9%.
Split into simpler sentences: On July 2006, Shavick Entertainment announced an intent to purchase a 52% stake in HARD on PrideVision and OUTtv. Under the plan, Pink Triangle Press'ownership would increase to 38% and PrideVision Inc.'s will remain at 9.9%.