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

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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.

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