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Business & Enterprise Public Sector4 min reading time

Character.AI Files for Chapter 11 with Disney Stalking Horse Deal

Covered by 2 sourcesPublished 37 minutes ago

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Character.AI filed for Chapter 11 bankruptcy on October 12, 2026, seeking to sell its assets with Disney Worldwide Services as the stalking horse bidder in a $20 million deal. The company will continue operating during the sale process, supported by transition services from former employees now hired by Disney.

Covered by 2 sources

#bankruptcy-proceedings #character-ai #character-technologies-inc #disney-worldwide-services-inc #karandeep-anand #walt-disney-company

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