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 Wa...

By Dhallo News · October 13, 2026 at 10:17 AM IST

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

Source: Economic Times - Auto

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: Economic Times - Auto

ORIGINAL REPORT: Click here

DHALLO EDITORIAL STATUS: Aggregated & reviewed

Have feedback on this article?Report error or suggestion

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

Read More from Business

Chips critical to India's future, but demand and management key to semiconductor push: N Chandrasekaran

Kolte-Patil Developers Q2 sales bookings rise 52% to record ₹1,019 crore

Kolte-Patil sales bookings jump 52% to record Rs 1,019 crore in Q2

5 minutes. The news that matters.