Character.AI files for bankruptcy, agrees to sell some assets to Disney for $20 million

DIS•2026-10-13

Character.AI filed for Chapter 11 bankruptcy in the US and agreed to sell some assets to Disney for $20 million. The AI entertainment platform said it intends to continue operating during the sale process.

Character.AI files for bankruptcy, agrees to sell some assets to Disney for $20 million

1. Bankruptcy and asset sale

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