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Disney agrees to a $20 million stalking horse bid for Character.AI assets
Character.AI says Disney Worldwide Services agreed to serve as a stalking horse bidder for a perpetual, nonexclusive license to certain intellectual property and company claims in exchange for $20 million and transition services. The arrangement is subject to court approval and higher offers; it is not a completed acquisition or a live Disney integration.
Primary source · Character.AI · October 13, 2026
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