Dish drops out of Clearwire bidding

June 26 Wed Jun 26, 2013 4:18pm EDT

June 26 (Reuters) - Dish Network said on Wednesday it was dropping out of the bidding for Clearwire, a week after Sprint raised its offer for the wireless company.

Last Thursday, Sprint revised its buyout offer for Clearwire to $5 per share and announced support from a key group of dissident shareholders.