Disney Offers $20 Million for Character.AI's Assets

The AI startup Character.AI has filed for bankruptcy under Chapter 11 of U.S. law to sell its assets after facing legal and operational challenges. Disney has entered the bidding for the company's assets with a base offer of $20 million.

Artificial intelligence startup "Character AI" has filed for Chapter 11 bankruptcy to sell its assets after facing legal and operational challenges. Disney has entered the process of buying the assets of this company with a base offer of 20 million dollars.

According to Ambassador Arjan and based on Zomit's report, the documents presented to the court estimate the estimated debts of "Character AI" between 50 and 100 million dollars. This startup was famous for making interactive artificial intelligence robots and virtual characters.

According to the published report, in addition to the cash offer, Disney is seeking to obtain a non-exclusive license for some intellectual assets and to attract the company's technical forces. This is despite the fact that Disney had previously objected to the unauthorized use of its fictional characters in "Character AI" robots.

"Character AI" previously lost some of its key forces, including its founders, in a deal with Google in 2024.