Character.AI Files For Bankruptcy, Disney Agrees To $20M Asset Purchase
Deals·2 articles across 2 outlets
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Character.AI said on Monday it had filed for Chapter 11 bankruptcy in the US and agreed to sell some of its assets to Disney for $20 million. The company plans to keep operating as it completes the sale.
Disney is first in line for key assets as Character.AI pursues a sale through the bankruptcy process.
Character.AIDisney
Sources
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SourceReports the news
“Character.AI filed for Chapter 11 to pursue a sale, while Disney offered $20 million for a licence to certain assets.”
business insider — Chatbot startup Character.AI files for bankruptcy, and Disney is first in line for key assets“Rhea Rose Abraham / Reuters: Character.AI files for Chapter 11 bankruptcy in the US, agrees to sell some assets to Disney for $20M, and plans to keep operating as it completes the sale — ”
techmeme — Character.AI files for Chapter 11 bankruptcy in the US, agrees to sell some assets to Disney for $20M, and plans to keep operating as it completes the sale (Rhea Rose Abraham/Reuters)