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

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manikchopra31
Author: manikchopra31
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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.

Image for Character.AI files for bankruptcy, agrees to sell some assets to Disney for $20 millionReuters
FILE PHOTO: Letters spelling “AI,” a keyboard and a robotic hand in this illustration created on September 23, 2026.
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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