Character.AI Files for Chapter 11 Bankruptcy and Plans Asset Sale to Disney
10/13/2026 — 10/13, 13:16·2 sources (all)·2 reports (all)
Key takeaways
- Reuters reports that AI chatbot startup Character.AI has filed for Chapter 11 bankruptcy in the US and agreed to sell a portion of its asset…
Background & analysis
On October 13, 2026, AI entertainment platform and chat startup Character.AI officially announced that it has filed for Chapter 11 bankruptcy in the US. At the same time, the company has entered into an agreement to sell a portion of its assets to Walt Disney for $20 million. Character.AI stated that it intends to continue normal business operations while the asset sale transaction is being completed.
AI-generated from 2 reports · updated 1 hour ago
Latest turnAccording to Reuters, Character.AI has filed for Chapter 11 bankruptcy in the US and agreed to sell a portion of its assets to Walt Disney for $20 million. The company stated it will continue operations while completing the asset sale.
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According to Reuters, Character.AI has filed for Chapter 11 bankruptcy in the US and agreed to sell a portion of its assets to Walt Disney for $20 million. The company stated it will continue operations while completing the asset sale.
TechmemeAI score 79Character.AI has officially filed for Chapter 11 bankruptcy in the US and agreed to sell a portion of its assets to Walt Disney for $20 million. The AI entertainment platform stated that it will continue operating normally while the transaction is being finalized.
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