StocksMedium•13 October 2026•
1 min read
Character.AI Files for Bankruptcy, Sells Assets to Disney for $20M
Key Facts
1AI startup Character.AI has filed for Chapter 11 bankruptcy protection.
2Disney has agreed to acquire certain assets from Character.AI for a total of $20 million.
AI startup Character.AI has filed for Chapter 11 bankruptcy protection. According to investing.com, Disney has agreed to acquire certain assets from the company for a total of $20 million.
DIS closed at $108.49 on October 12, 2026, with the stock reaching a day high of $108.99 and a low of $107.56. The agreement involves the sale of specific assets to Disney as Character.AI seeks bankruptcy protection.