It appears that Telltale is assigning all of its assets, including physical goods, trademarks, copyrights, software, and source code. The agreement may be an abridged document, as it does not detail what Telltale has received in return for the assignment. No specific amounts have been detailed. A more complete agreement may exist out of the public view.

"You wouldn’t assign everything you own to someone else, unless you were getting something for it," Huffman says. Alternatively, the assignee, Telltale, LLC, might not be due any consideration.

"Telltale LLC is probably just a shell company that will hold the assets for purposes of selling them off. the liquidation company may even be the owner of that LLC," Huffman suggests. "It's also possible that the company will go bankrupt and that they're only remaining income for their creditors will be whatever the liquidation company pays them under any other arrangement they might have."

It also seems that some of Telltale's back catalog are being removed from Steam. Game of Thrones, The Walking Dead, and many others are still live. However Back to the Future, Jurassic Park, and Tales of Monkey Island are currently unavailable. Telltale struck a deal with Skybound, co-founded byThe Walking Dead co-creator Robert Kirkman, to finish the final season of the episodic series.

According to a letter dated November 11, 2018, that was sent to creditors and shareholders, anyone with a claim against Telltale's assets has until April 9, 2019 to submit proof. Additionally, the letter indicates that the assignment agreement began a month prior, on October 11, 2018. The 30-day period between these two events is standard per California Civil Code of Procedure 1802.