Open Sourcing with (Imperfect) Revision History?

AArnott asks: "My company is open-sourcing a private project that has been in development for 4 years. It's history is all in our internal Subversion server. The history of the project includes dependencies on source code that we are not open-sourcing. Should we just publish the latest version (now that we've removed the dependencies) and leave out the old history? Or should we publish the history, even though no previous revision will build, due to the dependencies that we are not including?"