The Wall Street Journal has claimed a consortium of bidders has submitted an offer for the patents, citing people familiat with the matter. Crucially, the offer is said to be more than $500m minimum that was stipulated as a condition of Kodak's new $830m finance facility.

According to the WSJ, the consortium includes Silicon Valley technology companies and firms that specialise in buying patents, while the bid was said to have been filed in recent weeks.

Kodak will need to complete the sale of its digital imaging patents, for at least $500m, in early 2013 in order to secure its $830m interim and exit finance facility, which was announced last month.