Well sadly this looked more and more likely given the many troubles that surrounded PayDay developer Starbreeze Studios and the ill-fated co-op title based on The Walking Dead, but IP owner and publisher Skybound Entertainment has canceled its contract with Starbreeze and will now discontinue all efforts related to Overkills The Walking Dead.
Source: N4G PC Skybound Terminates its Contract With Starbreeze Studios For Overkills The Walking Dead