Complex sentence: FYI TV18 is an Asian lifestyle-based Indian Channel owned by a joint venture between A + E Networks, owner of the American History channel, and TV18, The channel is in a bouquet of factual entertainment channels to be launched by the joint venture.
Split into simpler sentences: FYI TV18 is an Asian lifestyle-based network owned by a joint venture between A + E Networks and TV18. The network is a bouquet of factual entertainment channels to be launched by the joint venture.