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Disney bids for Character.ai staff while assets stay bankrupt

Original: Disney budgets $180m for Character.ai staff, $20m for the bankrupt company: User data, chats, the app and finished model

Disney has put together a deal to hire Character.ai staff for a reported $180 million, while offering just $20 million to the bankrupt company itself. Under the structure, user data, chat logs, the app and finished models would remain in the bankruptcy estate rather than transfer to Disney, which would only license technology. Rival bidders can still top the $21.7 million floor before the November 20 deadline.

Why now: The unusually lopsided structure and open auction deadline keep attention on whether another bidder will emerge.

DisneyCharacter.aippc.land

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Evidence

• Disney budgets $180m for Character.ai staff, $20m for the bankrupt company: User data, chats, the app and finished models stay in the estate, outside Disney's license. Can a rival bidder top the $21.7m floor by the November 20 deadline? https:// ppc.land/disney-budgets-180m-f… · ppcland · 1

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