Character.ai files for bankruptcy, agrees to sell some assets to Disney for $20M
toomuchtodo · hn · 2026-10-13
Per Reuters, AI companion platform Character.ai has filed for bankruptcy and agreed to sell some assets to Disney for $20 million — a striking fall for a company once valued in the billions whose core team was earlier absorbed by Google in a licensing deal. Disney's involvement as buyer suggests the assets relate to IP character licensing.
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