Character.AI Files for Bankruptcy, Disney Emerges as Initial Bidder for Assets

Chatbot platform Character.AI has filed for bankruptcy. As part of the proceedings, Disney has been named the initial, or 'stalking-horse,' bidder. Disney is seeking a non-exclusive, perpetual license to some of the company's intellectual property. The process allows other potential buyers to submit competing bids that could surpass Disney's offer.
This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)
Log in to join the discussion and vote.
Log in