Telltale Games has begun liquidation proceedings and will soon shut down for good.
The developer laid off the vast majority of its 250 employees back in September during a dramatic collapse, leaving the fate of the final season of The Walking Dead in question. Initially, it appeared the company was keeping a “skeleton crew” on to finish outstanding projects.
Officially Telltale has filed assignment proceedings, described as a form of closing a company outside of bankruptcy, where potential claims can be made against the company’s assets.
All assets - ranging from physical goods and furniture to trademarks, copyrights, software, and source code - have been put up for sale. It’s currently unknown what Telltale received in return for turning the assigning to Sherwood.
Our sister-site PCGamesInsider.biz has the full story.