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Disney is paying $20 million for http://character.ai's technology in bankruptcy court. The same court filings show Disney budgeting about $180 million over three years for the 65 employees it hired out of the company a few weeks before it filed. The people cost nine times what the company did. Their pay runs about $60 million a year, close to a million dollars each, so Disney valued the entire business at four months of payroll for the staff who walked out of it. And http://character.ai has…
https://t.co/O4MmJwwXGx said on Monday it had filed for Chapter 11 bankruptcy in the US and agreed to sell some of its assets to Walt Disney for $20 million. https://t.co/ffLgBGPsGY