The announcement comes following revelation that Nokia’s phone business will be called Microsoft Mobile once the deal is closed. The original deal between Microsoft and Nokia didn’t address management of online assets. Both companies have agreed that Microsoft is going to manage Nokia.com doman as well as social media sites such as Facebook and Twitter for “up to a year.”
The deal has also been adjusted to bring 21 Nokia employees in China working on mobile phones to Microsoft, where they’ll continue their work. The biggest adjustment made in the deal is that Nokia’s Korean manufacturing facility, which would have gone to Microsoft, will now not be acquired by Redmond.
It is unclear right now if Microsoft will immediately stop using Nokia branding for smartphone after the deal closes. Presumably it may want to stick with the existing branding for some time to ensure that there’s a smooth transition.