Character.AI

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1. 13 Oct
   Character.AI files for Chapter 11, agrees sale of some assets to Disney

   Character.AI has filed for Chapter 11 bankruptcy protection in the US and listed estimated liabilities between $50 million and $100 million. The company is pursuing a court-supervised sale in which Disney is the lead bidder for certain assets for $20 million and will receive a nonexclusive technology license while providing transition support.

   Business · 3 sources

   

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