Character.AI files for Chapter 11, Disney bids $20M for assets
Read original source →techcrunch.com
Character.AI listed estimated assets and liabilities between $50M and $100M in its Delaware filing. Disney is lead bidder at $20M for certain assets plus a non-exclusive perpetual IP license; CEO Colin Adams said no other bid exists yet and the platform will be wound down if none emerges.
People · Colin Adams, Karandeep Anand, Noam Shazeer, Daniel De Freitas
How this story unfolded
1 day · 5 reports · 3 community posts · 8 of 9 shown
- Oct 13
Character.AI files for bankruptcytheverge.com
Just 5 years in, interactive chatbot platform Character.AI files for bankruptcytechcrunch.com
AI companion startup Character.ai files for Chapter 11 bankruptcy, citing costs and litigationcnbc.com
Disney offers $20M for Character.AI’s scandal-plagued chatbot techarstechnica.com
- Oct 14
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