EventBusinessOctober 13, 2026

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

6 days · 9 reports · 3 community posts · 12 of 13 shown

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