✉news BusinessStartups first seen 2 d ago, last 14 h ago, peak #3
Disney buys Character.ai assets for $20 million in bankruptcy deal
Original: Disney strikes $20-million deal for Character.ai’s assets as AI startup files for bankruptcy
Disney has agreed to pay $20 million for the assets of Character Technologies, the company behind the AI chatbot platform Character.ai, as the startup files for bankruptcy. The deal, reported by the Los Angeles Times, gives Disney ownership of the company's assets while the AI startup winds down its operations. The arrangement follows a period of pressure on Character.ai, which once attracted a large user base.
Why now: The combination of a high-profile AI startup going bankrupt and Disney acquiring its assets is new, unexpected news.
DisneyCharacter.aiCharacter Technologies
Evidence
- Disney strikes $20-million deal for Character.ai’s assets as AI startup files for bankruptcy · Los Angeles Times
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