# Live news

Canonical: https://ournews.ai/live/b4f61901-3d6c-4a9f-b8aa-40579cfdd149
Published: 2026-10-13T16:32:07.054369+00:00
Updated: 2026-10-13T16:32:07.054369+00:00

Character.ai filed for Chapter 11 on October 12. Disney is the initial $20 million bidder for a nonexclusive license to some IP; the app remains online during the sale process.

Source: Character.ai — https://www.businesswire.com/news/home/20261012656385/en/Character.ai-Initiates-Voluntary-Chapter-11-Proceeding-to-Facilitate-Value-Maximizing-Sale-Process
Source date: 2026-10-12