Paramount will become the new home to all UFC events in the U.S., while UFC's CEO says the White House may host a July 4 event broadcast on CBS.

Just how big of a surprise was the UFC’s bombshell $7.7 billion deal with Paramount and CBS? So big that even UFC CEO Dana White didn’t see it coming.

Paramount signed a seven-year deal with TKO Group Holdings that will put 13 marquee events and 30 fight nights on streaming platform Paramount+. Some of the matches will air on broadcast TV network CBS.