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AI CLUSTERED EVENT · 10/13/2026

Character.AI Enters Bankruptcy Asset Sale with Disney as Lead Bidder at $20M Floor

1 reports archived1 independent sourcesupdated 10/13/2026, 16:22:30
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Character.AI has initiated Chapter 11 bankruptcy proceedings and seeks court approval to designate Disney as the lead bidder for its intellectual property assets. With a $20 million floor price set by Disney, other parties may still submit higher bids, aiming for a closing in late 2026; absent a buyer for operations, the platform will wind down.

LATEST/Character.AI has initiated Chapter 11 bankruptcy proceedings and seeks court approval to designate Disney as the lead bidder for its intellectual property assets. With a $20 million floor price set by Disney, other parties may still submit higher bids, aiming for a closing in late 2026; absent a buyer for operations, the platform will wind down.

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