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Disney to bid $20M for Character.AI assets

PRIVATEOct 15, 2026

Acquiring Company

The Walt Disney

Acquired Company

Character.AI

BurbankMenlo ParkMedia And EntertainmentMusicAnimationFilmFilm ProductionSoftwareArtificial IntelligenceMachine Learning

Description

Disney is set to make a $20 million bid for the assets of Character.AI, which recently filed for bankruptcy. This bid would allow Disney to acquire a nonexclusive perpetual license for some of Character.AI's intellectual property. Disney, having just hired Character.AI's former CEO, is focusing on enhancing its own AI capabilities. The sale is expected to be finalized by late November or early December.

Company Information

Company

The Walt Disney

Location

Burbank, California, United States

About

The Walt Disney Co. is a multinational entertainment and media conglomerate known for its iconic film and animation studios, theme parks, and diverse entertainment offerings.

Fundz sees it the moment The Walt Disney makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Frequently asked

Who acquired Character.AI?

Character.AI was acquired by The Walt Disney, based in Burbank. The deal was reported on October 15, 2026. The Walt Disney Co. is a multinational entertainment and media conglomerate known for its iconic film and animation studios, theme parks, and diverse entertainment offerings. The Walt Disney is privately held and operates in Media And Entertainment.

When did The Walt Disney acquire Character.AI?

The Walt Disney's acquisition of Character.AI was reported on October 15, 2026. Disney is set to make a $20 million bid for the assets of Character.AI, which recently filed for bankruptcy. This bid would allow Disney to acquire a nonexclusive perpetual license for some of Character.AI's intellectual property. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Character.AI do?

Character is one of the world's leading personal AI platforms. Founded in 2021 by AI pioneers Noam Shazeer and Daniel De Freitas, Character is a full-stack AI company with a globally scaled direct-to-consumer platform. It is privately held, operating in Software, and is based in Menlo Park.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.