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Character.ai files for Chapter 11 to sell itself and will shut the platform down if no buyer keeps it running
Character Technologies, which runs the Character.ai chatbot platform, filed for bankruptcy on October 12, 2026, to sell the company. Disney opened the bidding with 20 million dollars for a license to some of its intellectual property. The service keeps running during the sale, and the company says it will be wound down if no buyer takes it on.
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