EventBusinessOctober 13, 2026

Character.AI files for bankruptcy, Disney leads asset bid

Read original source →theverge.com

Character.AI filed for Chapter 11 bankruptcy protection and is selling assets to Disney, which would serve as lead bidder at $20 million for undisclosed assets plus transition support. The filing lists estimated liabilities between $50 million and $100 million.

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Character.AI files for bankruptcy, Disney leads asset bid