EventBusinessOctober 13, 2026

Character.AI files for Chapter 11, to sell assets to Disney for $20M

Read original source →techcrunch.com

Character.AI listed assets and liabilities between $50M and $100M; Disney is lead bidder at $20M for certain assets plus a nonexclusive perpetual IP license. CEO Colin Adams said no other bid exists yet and the platform will be wound down if none emerges; the sale is expected to close in late November or early December.

People · Colin Adams, Karandeep Singh Anand

How this story unfolded

1 day · 4 reports · 3 community posts · 7 of 8 shown

  1. Oct 13
  2. Oct 14

More stories today

Open the live feed