AI Companion Platform Character.ai Files for Chapter 11 Bankruptcy With Disney Asset Bid
Sign in✓ Signed in
Character Technologies, the startup behind the AI chatbot platform Character.ai, filed for Chapter 11 bankruptcy protection on October 12, 2026, in the U.S. Bankruptcy Court for the District of Delaware. The Walt Disney Company has emerged as the stalking horse bidder, proposing $20 million for a non-exclusive perpetual license to certain intellectual property and pledging to provide transition services through former Character.ai employees it will hire.
Continue reading
The rest of this article is for AI News Blitz readers. Choose an option below to keep reading.
Already purchased? Sign in✓ Signed in — this article isn’t included in your current plan.
Unlocking the full article...