DevelopingBusiness

Character.AI files Chapter 11, Disney bids $20M as stalking horse

Character.AI filed a voluntary Chapter 11 case in Delaware on Oct. 12 and is seeking to sell all or nearly all assets. Disney is the $20M stalking horse for a non-exclusive license to certain IP, subject to higher bids. The company says the platform keeps running, with a sale expected in late November or early December. Details are from the company's announcement as relayed by Unite.AI.

HEAT
OUTLETS: 10
NEW IN 6H: +10
FIRST SEEN: Oct 13, 2026, 01:10 ET
LAST SIGNAL: 26m ago

Made the five · #4 on Tuesday, October 13, 2026

Character.AI files for Chapter 11, Disney bids $20M

Primary source

Unite.AI (relaying Character.AI)unite.ai/character-ai-files-for-chapter-11-with-disney-stalking-horse-deal/

Coverage · 10 articles, oldest first

Tuesday, October 13, 2026

01:10
Reuters
Character.AI files for Chapter 11 bankruptcy in the US, agrees to sell some assets to Disney for $20M, and plans to keep operating as it completes the sale
01:10
Character.ai
businesswire.com/news/home/20261012656385/en/
01:40
Channel NewsAsia
channelnewsasia.com/business/characterai-files-bankruptcy-agrees-sell-some-assets-20-million-6454941
01:40
Unite.AI
unite.ai/character-ai-files-for-chapter-11-with-disney-stalking-horse-deal/
05:40
Spyglass
spyglass.org/google-no-character-ai/
05:40
Forbes
forbes.com/sites/siladityaray/2026/10/13/characterai-files-for-bankruptcy-disney-bids-20-million-after-copyright-dispute/
05:40
character.ai blog
blog.character.ai/an-update-on-character-ai/
06:10
Neowin
neowin.net/news/characterai-files-chapter-11-bankruptcy-as-disney-leads-20m-asset-bid/
06:40
The Verge
theverge.com/ai-artificial-intelligence/1009802/character-ai-files-for-bankruptcy-disney
06:40
Business Insider
businessinsider.com/character-ai-files-for-bankruptcy-legal-headwinds-disney-google-chatbots-2026-10

ShareX LinkedIn Hacker News Email

← The whole wire