plans to announce anapproximately $4.8 billion deal with Yahoo! Inc. before markets open July 25, Bloomberg Newsreported, citing "two people with direct knowledge of the situation."

Yahoo'sreal estate assets are part of the rumored deal. It is expected to sell its intellectual propertyassets in a separate transaction, the sources told the news outlet. Yahoo willmaintain its holdings in AlibabaGroup Holding Ltd. and Yahoo Japan Corp.

Spokespersonsfor Verizon and Yahoo did not provide comment to Bloomberg.