Disney Acquires Character.AI Talent and Technology Following Chatbot Startup's Chapter 11 Bankruptcy
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Disney has committed $210 million to acquire the core technology and 66 of the 86 employees from Character.AI following the AI chatbot startup's Chapter 11 bankruptcy filing. Character.AI, which once reached a $2.5 billion valuation, filed for voluntary bankruptcy in the United States Bankruptcy Court for the District of Delaware on October 12, 2026, after facing mounting legal challenges, regulatory pressures, and unsustainable burn rates.
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