bankruptcy

October 14, 2026

• Character.AI files Chapter 11 with a $20M Disney lead bid

  Character.AI lists $50M-$100M in liabilities, while Disney offers $20M for selected assets; the platform may wind down if no suitable bid appears by late November or early December.

  $50M-$100M estimated liabilities$20M Disney lead bidNov-Dec reported sale window

  consumer-aichatbotsbankruptcymedia