Bidding closes on the 25th… Character.AI asset sale procedure approved
Original headline25일 입찰 마감…캐릭터AI 자산 매각 절차 승인
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A U.S. bankruptcy court in Delaware on November 4 approved the bidding procedures for the sale of assets belonging to Character.AI operator Character Technologies, and recognized a Disney ($DIS) affiliate as the stalking-horse bidder for certain assets under case record No. 106. Character Technologies disclosed in a November 5 transaction notice that Disney Worldwide Services holds lead-bidder status, setting the floor for competing offers. The stalking-horse position establishes the baseline price and terms that other suitors must beat, though Disney has not been confirmed as the final winner. The ruling clears the way for a competitive auction, with bids due by the 25th of the month. What happens next depends on whether rival bidders emerge to top Disney's offer before the deadline.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Character.AI, Disney (DIS), Delaware Bankruptcy Court
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