Updated December 8, 2018: The Walking Dead creator Robert Kirkman confirmed that his Skybound Entertainment would finish The Walking Dead: The Final Season. The final episode is expected on March 26, 2019.
A few days ago, Telltale Games announced that it was closing down. The studio laid off 225 employees and retained only 25 to finish off Minecraft: Story Mode for Netflix. Games like Stranger Things, The Wolf Among Us: Season 2, and The Walking Dead: The Final Season were also cancelled.
The Walking Dead: The Final Season has already released an episode and Telltale wanted to end it on the second episode. This sparked outrage from the community. However, there may be hope for the game after all. Today, Telltale announced on Twitter that it was working with "potential partners" to finish off the season. Episode 3 and Episode 4 may be "completed and released in some form".
Hopefully the season will be finished off in a satisfactory manner. However, given the language, it might be a buggy and broken experience. We'll keep you posted as soon as we know more about which "form" it'll take.
The Telltale closure came as a shock to everyone because no one expected such an important studio to fail. However, given the poor sales figures for the team's recent projects, it was only a matter of time. Hopefully the affected developers will find positions elsewhere soon. Studios like 343 Industries and Ninja Theory are hiring at the moment.
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