During March Cyanide Studios was acquired by the french publisher BigBen, acquiring for some 20M€ a total of 100% of their shares and voting rights.
BigBen's press release can be downloaded as PDF here.
Gamesindustry.biz gives some light on Cyanide's current projects, namely that Focus Home Interactive will still be publishing Werewolf, among other games.
Edit: Added more quotes from the article that are more positive toward the situation.
Bigben Interactive published the very first Horse Racing Manager game in 2003 (its only past publishing partnership with Cyanide), although Focus Home Interactive has published the majority of Cyanide's titles since.
While Cyanide is already going to broaden Bigben's catalogue, the studio is hoping its new parent company's resources will allow it to similarly diversify its own development slate. CEO and co-founder Patrick Pligersdorffer will remain in charge of Cyanide and retain creative autonomy.
The acquisition is expected to close in June 2018. Cyanide will maintain its existing agreements with publishers, with Call of Cthulhu, Werewolf: The Apocalypse, and Space Hulk: Tactics to be published by Focus Home Interactive.
On a related side note, from an article from RockPaperShotgun:
French newspaper Le Monde relay word from secret sources that Focus’s management had tried to buy Cyanide but the board shot it down. Supposedly, Le Monde say, this is one of the reasons why Focus president Cédric Lagarrigue resigned in April. Oh, Le Monde also say that the Tour de France license–made into management games by Cyanide–will stay with Focus but claim Cyanide are negotiating to nab the rights.
At this point we don't know anything about the game aside from interviews and concept art, and now this, so I'm legit a bit worried. Them bailing out on showing up for E3 hasn't helped.