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Articles about web development, AI, and technology

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Character.ai Files Chapter 11 to Pursue Sale with Disney as Stalking Horse Bidder
2026-10-13•SiTech AI Team

Character.ai Files Chapter 11 to Pursue Sale with Disney as Stalking Horse Bidder

Character.ai has commenced a voluntary Chapter 11 case in Delaware to facilitate a sale of its assets, with Disney Worldwide Services agreeing to a $20 million stalking horse bid for certain intellectual property.

Getty Images Announces Comprehensive Restructuring Agreement with Major Stakeholders
2026-10-12•SiTech AI Team

Getty Images Announces Comprehensive Restructuring Agreement with Major Stakeholders

Getty Images Holdings, Inc. has reached a Restructuring Support Agreement with all major financial stakeholder groups, including up to $533 million in new equity investment and significant debt reduction.