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[Character.AI files for bankruptcy reorganization and agrees to sell some assets to Disney] On October 13th, Character.AI announced on October 12th local time that it had filed for bankruptcy reorganization in the United States under Chapter 11 of the Bankruptcy Code and agreed to sell some assets to Walt Disney for US$20 million. Court documents show that Character.AI lists estimated assets and liabilities ranging from $50 million to $100 million.
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