I think he moved up looking for some big money fights, namely Mayweather somewhere down the line, but the Collazo fight showed that it probably wasn't worth the risk/reward to stay there. I don't think it really had anything to do with him getting "schooled" since he did win a close but controversial UD, but it was obviously not worth the trouble to stay when he could still comfortably make 140.
I guess you could say Collazo sent him back down but it's kind of an overstatement.
The risk is definetely worth the reward at 147. There are big fights there while there are absolutely none at 140...
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