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Character Technologies, known as Character.AI, filed for Chapter 11 bankruptcy protection and agreed to sell select assets, including intellectual property, to Disney for $20 million, subject to court approval. Disney is the proposed stalking-horse bidder; the company says the platform would continue operating with min
(Adds details throughout) Oct 12 (Reuters) — Character.AI said on Monday it had filed for Chapter 11 bankruptcy in the US and agreed to sell some of its assets to Walt Disney for $20 million. Here are some details about the bankruptcy and sale proceedings: Character.AI said it has begun the formal process to sell asset
Oct 12 (Reuters) — Character.AI said on Monday it had filed for Chapter 11 bankruptcy in the US and agreed to sell some of its assets to Walt Disney for $20 million. The AI entertainment platform said it intends to continue operating as it completes the sale. (Reporting by Rhea Rose Abraham in Bengaluru; Editing by Ras