US states say others besides Disney should have fair shot at bidding for Character.AI
( October 23, 2026, 22:31 GMT | Official Statement) -- MLex Summary: California and other states opposed a motion to approve bidding procedures for a "second, post-petition stage" of a two-stage transaction with Disney in bankruptcy proceedings. The states asked that the court not use a bidding procedures order to "bless" Character.AI's prepetition decisions, and "that the procedures it does approve give competing bidders a fair opportunity to bid."See attached file....
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