Here's more about the purchase of the Telltale IP from games journalist Jason Schreier
https://kotaku.com/two-people-who-didnt-work-at-telltale-games-say-theyre-1837654392Yes the "name" has been bought and the old games will probably become available for purchase again.
Some former employees are being offered temp work, but not permanent jobs.
So it remains to be seen whether Telltale will actually be "revived" or not.