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

Oct 12 : Character.AI said on Monday it had filed for Chapter 11 bankruptcy in the US and agreed to sell some of its assets to Walt Disney for $20 million. The AI entertainment platform said it intends to continue operating as it completes the sale.

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

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

FILE PHOTO: Letters spelling “AI,” a keyboard and a robotic hand in this illustration created on September 23, 2026. REUTERS/Dado Ruvic/Illustration/File Photo

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

A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 21, 2025. REUTERS/Jeenah Moon

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Oct 12 : Character.AI said on Monday it had filed for Chapter 11 bankruptcy in the US and agreed to sell some of its assets to Walt Disney for $20 million.  

The AI entertainment platform said it intends to continue operating as it completes the sale. 

Source: Reuters

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