UK high court has upheld the lower court's decision to grant bail to Wikileaks founder Julian Assange. The Swedish prosecutors, who urged the court to revoke the bail, lost their appeal. The court is currently giving out the details of the bail conditions. Assange is likely to be freed on late Thursday.

UK's Sky news reported that the decision was greeted with loud cheers outside the court hall. A cash deposit of £200,000 (US $ 312,500 approximately) with a further £40,000 (US$ 62,500 approximately) guaranteed from two sureties have been agreed by the court. The whistle-blower will have to face strict conditions against his movements.

The 39-year-old Australian was granted bail earlier this week, but Swedish prosecutors objected to the decision. Assange, who is currently accused of rape and sexual molestation against two women in Sweden, is currently fighting an extradition attempt.

One of the important conditions for bail could be that Assange will have to report to a police station in Suffolk every day.