Disney has agreed to hire the vast majority of Character.AI's remaining workforce as part of a stalking horse bid. The arrangement means another company could still emerge with a higher offer for the AI startup.
Background
Character.AI became one of the most popular generative AI chatbot platforms before its acquisition process began. The "stalking horse" structure is common in M&A, allowing Disney to set a baseline price while leaving room for competing bids.
- Source
- TechCrunch
- Published
- Oct 19, 2026 at 12:30 AM
- Score
- 6.0 / 10