# Character.AI files for bankruptcy, plans asset sale to Disney

https://mins.news/en/item/97816

- The Verge, 2026-10-13 10:32 UTC
- Tech
- Original: https://www.theverge.com/ai-artificial-intelligence/1009802/character-ai-files-for-bankruptcy-disney

> Character.AI filed for Chapter 11 bankruptcy protection in the US to facilitate a sale of the company and its assets. Disney would lead the bidding, paying $20 million for certain undisclosed assets and receiving a nonexclusive license to unspecified intellectual property. Character.AI says it will keep operating for now but may wind down if no suitable bid emerges.

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- [Disney offers $20 million for Character.AI chatbot technology](https://mins.news/en/item/98798) — Ars Technica, 2026-10-13
- [Just five years in, chatbot platform Character.AI files for bankruptcy](https://mins.news/en/item/97954) — TechCrunch, 2026-10-13