Updated Oct 15, 12:27 AM ET
Character.AI is pursuing an expedited Chapter 11 asset sale, with Disney proposed as stalking horse for specified assets. The next material step is the October 30, 2026 hearing on bidding procedures and the proposed stalking-horse designation, with objections due October 23 under the October 14 hearing notice Dkt. 50; those approvals remain pending.
Motion10:00 AM ETDkt. 50Notice of Hearing on Debtor's Motion Pursuant to Sections 105, 363 and 365 of the Bankruptcy Code for Entry of (I) an Order (A) Approving Bidding Procedures and Bid Protections, (B) Scheduling Certain Dates and Deadlines with Respect Thereto, (C) Approving the Form and Manner of Notice Thereof, (D) Approving the Designation of Disney Worldwide Services, Inc. as Stalking Horse Purchaser with Respect to the Disney Target Assets, (E) Authorizing the Debtor to Designate Additional Stalking Horse Purchasers for the Assets, (F) Establishing Notice and Procedures for the Assumption and Assignment of Contracts and Leases; and (II) an Order (A) Authorizing and Approving the Sale of Assets (B) Approving the Assumption and Assignment of the Assumed Executory Contracts and Unexpired Leases and (C) Granting Related Relief (related document(s)[16], [43]) Filed by Character Technologies, Inc.. Hearing scheduled for 10/30/2026 at 10:00 AM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #1, Wilmington, Delaware. Objections due by 10/23/2026. (Lambert, Heather)
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Open case researchCharacter.AI Files Chapter 11 With Disney’s $20M License Bid ·
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