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Technology

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

Economic Times - Tech · 13 October 2026 at 10:17 am

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

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.

Read the full article on Economic Times - Tech ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to Economic Times - Tech.

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