Tuesday, 13 October, 2026
From Unicorn to Auction: Character.AI Files for Bankruptcy as Disney Steps In
By TechShots Studio
Character.AI has filed for Chapter 11 bankruptcy, reaching an agreement to sell select intellectual property assets to Walt Disney for $20 million as a starting bid. Despite entering Delaware court-supervised restructuring, the popular conversational chatbot platform intends to keep operating as it seeks higher offers and completes the sale process.
Read full story at REUTERS