It looked as if Sprint(s s) was going to take its fight for Clearwire(s clwr) to the courts, but instead it's opted to win over the WiMAX operator with good old-fashioned cash. Sprint increased its offer to buy out Clearwire by 47 percent to $5 a share, countering Dish Network's(s dish) of $4.40 a share.

As you might expect the Clearwire board is happy to let two titans of the communications industry squabble over it. After receiving Sprint's new higher offer, the board voted to accept it, switching its allegiance back to Sprint just one week after it sided with Dish.