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FROM SRN NEWS

Character.AI files for bankruptcy, agrees to sell some assets to Disney for $20 million

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(Corrects typographical error in the media packaging code)

Oct 12 (Reuters) – 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 for $20 million.  

The AI entertainment platform said it intends to continue operating as it completes the sale. 

(Reporting by Rhea Rose Abraham in Bengaluru; Editing by Rashmi Aich)

Brought to you by www.srnnews.com

SRN News — View the original story at SRNNews.com.

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