Universal Music Group N.V. (UMGNF)

PRESS DIGEST- New York Times business news - May 3

Following are the top stories on the New York Times business pages. - Sony Pictures Entertainment and the private equity giant Apollo Global Management have formally expressed interest in acquiring Paramount for roughly $26 billion. - TikTok and Universal Music Group have reached a new licensing deal where the companies said that they had agreed to a "multi-dimensional" new deal that included improved remuneration for Universal's roster of artists and songwriters.