Character.AI files for Chapter 11 bankruptcy, to sell assets to Disney for $20M
Character.AI has filed for Chapter 11 bankruptcy in the US and agreed to sell some of its assets to Walt Disney for $20 million. The company plans to keep operating as it completes the sale.
- Character.AI filed for Chapter 11 bankruptcy in the US
- Some assets will be sold to Walt Disney for $20M
- Company plans to keep operating until the sale closes
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