Rhea Rose Abraham / Reuters:

Character.AI files for Chapter 11 bankruptcy in the US, agrees to sell some assets to Disney for $20M, and plans to keep operating as it completes the sale  —  Character.AI said on Monday it had filed for Chapter 11 bankruptcy in the US and agreed to sell some of its assets to Walt Disney (DIS.N) for $20 million.

Rhea Rose Abraham / Reuters:

Character.AI files for Chapter 11 bankruptcy in the US, agrees to sell some assets to Disney for $20M, and plans to keep operating as it completes the sale  —  Character.AI said on Monday it had filed for Chapter 11 bankruptcy in the US and agreed to sell some of its assets to Walt Disney (DIS.N) for $20 million.

Source: TechMeme
Source Link: https://www.techmeme.com/261013/p3#a261013p3