From Google Deal to Bankruptcy: Character.AI Files for Chapter 11, Puts Disney In Driver’s Seat With $20 Million Deal for Key Assets
Character.AI files for Chapter 11 bankruptcy and agrees to sell select assets to Disney for $20 million, pending court approval.
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Why It Matters
Character.AI ran out of money and filed for bankruptcy protection. Disney is buying some of its best technology for twenty million dollars.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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