✉news BusinessStartups first seen 22 h ago, last 8 h ago, peak #3
Disney Offers $20M For Character.AI Assets As Startup Enters Bankruptcy
Original: Disney Offers $20M For Character.AI Assets As Startup Files For Chapter 11 Bankruptcy Protection
Character.AI has filed for Chapter 11 bankruptcy protection, and Disney has reportedly offered $20 million for the startup's assets. The move would give the entertainment giant access to the conversational AI company's technology and character assets as it rebuilds its business through the bankruptcy process. The proposed deal now hinges on the court's approval and any competing bids.
Why now: A major AI startup's bankruptcy and a surprise bid from Disney have just been reported, drawing wide attention.
Evidence
- Disney Offers $20M For Character.AI Assets As Startup Files For Chapter 11 Bankruptcy Protection · Deadline
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