bankruptcy
Stories tagged bankruptcy.
Disney to hire at least 60 Character.AI staff after chatbot startup's bankruptcy
Disney has agreed to make employment offers to at least 60 Character.AI employees, the majority of the chatbot startup's workforce, at an estimated $60 million in annual compensation, according to a legal filing. The move follows Character.AI's bankruptcy filing and a $20 million deal for some of its assets.
Spirit Airlines' $10 Million Data Sale to Google Draws Growing Legal Pushback
Spirit Airlines' proposed $10 million sale of customer and employee data to Google has stalled for months amid opposition from unions and lawmakers, raising legal questions about bankruptcy and data privacy protections.
Google Wins Spirit Airlines Data in Bankruptcy Sale for $10 Million
Google won a bankruptcy auction for Spirit Airlines' business data and software code for $10 million, and plans to use the assets to improve its AI models and products.
Saks Global exits bankruptcy with streamlined stores and luxury focus
Saks Global has emerged from bankruptcy with a reduced store footprint and a renewed emphasis on high-end luxury to drive a sales recovery.
Saks Global Emerges From Bankruptcy, Rebrands as Exemplar Luxury Group
Saks Global has exited Chapter 11 bankruptcy after completing a financial restructuring that cut roughly 75 percent of its debt. The company is now rebranding as Exemplar Luxury Group to signal a new chapter focused on growth and higher standards.