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Character.AI Files for Bankruptcy, Agrees to Sell some Assets to Disney for $20 Million

(Corrects typographical error in the media packaging code)Oct 12 : 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

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Reuters

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

44 minutes ago·London, United Kingdom

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ppc.land

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Character.ai faces wind-down as Disney's $20m bid licenses IP, not the app

Advertisers buying AI chat inventory meet 44 ads.txt seller lines, a direct Google account among them, on an app whose court-run sale ends by early December.

53 minutes ago

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Post Register

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Character.ai Initiates Voluntary Chapter 11 Proceeding to Facilitate Value-Maximizing Sale Process

MENLO PARK, Calif.--(BUSINESS WIRE)--Oct 12, 2026-

3 hours ago

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TokenPost

Character Technologies Files Chapter 11, Plans to Keep Platform Online

The company filed in the U.S. Bankruptcy Court for the District of Delaware and intends to continue operating its platform during a sale process.

1 hour ago

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Morning Tick

Disney Offers $20M As Character.ai Heads Into Bankruptcy

Character.ai, the artificial intelligence (AI) chatbot app founded by two former Google engineers, has filed for Chapter 11 in Delaware, with Disney offering $20M to license some of its technology.

2 hours ago

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