The fourth series of the game was originally called The Final Season simply because it was the last to feature Clementine as a major character - with the implication that there would be more The Walking Dead games in the future.
Skybound has been involved with Telltale's The Walking Dead franchise since the start. When Telltale announced the "majority studio closure", it seems likely that some of the affected staffers on The Walking Dead team sought other work.
Robert Kirkman himself will be ensuring that Clementine's story has a proper ending, and that all four episodes will be finished. Skybound will continue the game to see it to completion.More news: Sexual harassment allegation: Full blown war between Kangana Ranaut and Sonam Kapoor
Kirkman did not specify how many former Telltale employees will be hired on to complete The Walking Dead's final season.
Kirkman officially announced the news at the Walking Dead panel on Saturday. Kirkman said just days ago at NYCC that he wasn't yet concerned with having to finish the story via his long-running comics because he was hopeful the games could still do that.
"We're now ironing out some of the details as this is a pretty major deal, so we'll have more info on the who/what/where/when/how very soon as those details are finalized".