---
title: 'Character.AI files Chapter 11; Disney is the $20M stalking-horse bidder'
url: 'https://www.securteksecurity.com/news/character-ai-chapter-11-disney-stalking-horse-bidder'
markdown: 'https://www.securteksecurity.com/news/character-ai-chapter-11-disney-stalking-horse-bidder.md'
date: '2026-10-13'
description: 'Character Technologies filed in Delaware (case 26-11603), listing estimated assets and liabilities of $50 to 100 million each, seeking a court-supervised sale by late November or early December while the platform keeps operating. Disney will pay $20 million for a non-exclusive perpetual license to …'
taxonomy:
  category:
    - AI
---

# [Character.AI files Chapter 11; Disney is the $20M stalking-horse bidder](https://www.securteksecurity.com/news/character-ai-chapter-11-disney-stalking-horse-bidder)

   13th Oct 2026  

Character Technologies filed in Delaware (case 26-11603), listing estimated assets and liabilities of $50 to 100 million each, seeking a court-supervised sale by late November or early December while the platform keeps operating. Disney will pay $20 million for a non-exclusive perpetual license to certain IP and provide transition services.

Sources: [Reuters](https://www.reuters.com/legal/litigation/characterai-files-bankruptcy-agrees-sell-some-assets-disney-20-million-2026-10-13/); [PYMNTS](https://www.pymnts.com/business/2026/character-ai-files-for-bankruptcy-and-signs-20-million-disney-deal/); [Fast Company](https://www.fastcompany.com/91622790/character-ai-bankrupt-chatbot-platform-sell-disney)

---

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