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Character.ai files for Chapter 11 bankruptcy, plans asset sale to Disney

Companion chatbot startup Character.ai announced it is seeking Chapter 11 bankruptcy protection, citing legal challenges, regulatory obstacles, and escalating operating costs. The four-year-old company said it plans to sell its assets to Disney as part of the proceedings.

fastcompany.com · 2026-10-13

Character.ai files for Chapter 11 bankruptcy, seeks court-supervised sale

Character.ai announced it has filed for Chapter 11 bankruptcy protection to pursue a court-supervised sale of its assets. The company says its platform remains operational during the process, which it expects to conclude by late November or early December 2026. If no viable buyer emerges, Character.ai says the platform will be wound down.

blog.character.ai · 2026-10-13