Character.AI reportedly files Chapter 11, with Disney the $20M stalking-horse bidder for a non-exclusive IP license

A post says Character.AI remains operational during the sale but will shut down if no buyer keeps it running.

2 Sources, 21d ago, first seen 21d ago

character.ai | AI Chat, Reimagined–Your Words. Your World.

TLDR

A post says Character.AI filed Chapter 11 and identifies Disney as the $20 million stalking-horse bidder for a non-exclusive IP license. It says the service will stay online during the sale but shut down if no buyer keeps it running, and describes lawsuits over chatbot harms as a key factor.

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2 Sources, first seen 21d ago