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Character.AI files Chapter 11, Disney deal

2 reports2 sourcesUpdated 45 minutes ago

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AI summary

Character.AI has filed for Chapter 11 bankruptcy protection in the US and agreed to sell its assets to Disney for $20 million, according to TechCrunch. The filing lists assets and liabilities between $50 million and $100 million. The Verge earlier reported the filing was tied to a move to sell the company and its assets to Disney, without terms. No Disney response or timeline has been reported.

Generated by AI from the reporting · updated 30 minutes ago

Latest updateOct 13 12:23
Character.AI files for Chapter 11 bankruptcy and agrees to sell assets to Disney for $20 million

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Oct 13
  1. TechCrunch · AIFeatured
    Character.AI files for Chapter 11 bankruptcy and agrees to sell assets to Disney for $20 million

    Character.AI has filed for Chapter 11 bankruptcy, listing assets and liabilities between $50 million and $100 million.

  2. The Verge · AI
    Character.AI files for Chapter 11 bankruptcy and moves to sell assets to Disney

    Character.AI has filed for Chapter 11 bankruptcy protection in the US to facilitate the sale of the company and its assets.

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