A consortium comprising 12 leading tech companies organised by Intellectual Ventures and patent risk advisory firm RPX Corporation has emerged as the buyer.
The licensees are Apple, Research In Motion, Google, Samsung, Adobe, HTC, Facebook, Fujifilm, Huawei, Amazon, Shutterfly and Microsoft.
"This monetisation of patents is another major milestone toward successful emergence," said Antonio M. Perez, Kodak chairman and CEO. "Our progress has accelerated over the past several weeks as we prepare to emerge as a strong, sustainable company.
"This proposed transaction enables Kodak to repay a substantial amount of our initial DIP loan, satisfy a key condition for our new financing facility, and position our Commercial Imaging business for further growth and success."
The firm bowed out of the digital camera market the following month, and has since looked to the cinema film stock and chemicals market to remain profitable.
The sale of its imaging patents is subject to the approval of the Bankruptcy Court and the satisfaction of certain customary conditions.