Most people would sell their mother for that amount, and it's a bit hard to come to your investors and say well guys we could've gotten 10bln which would give you a heck of a dividend but we cared about our reputation too much so we passed on it.
But then, when the rubble stops bouncing and the companies come to an agreement, that high watermark will help them negociate an actual price that is both reasonable but higher than what otherwise would have been.
He wasn't thrilled about it.
I didn't rewatch the video, but have seen it and met him dozens of times back in the OpenSolaris then Joyent days. He seems to simplify things to portray cause and effect that do not exist due to the complexity of real life.
I trust his ability to engineer a brilliant product, but I don't trust his ability to create a lovable product - it's all about the engineering goodness to him, and not solving the real world problems. Joyent's financials and yearly change of directions will probably back that up...
Oracle is Oracle - there are good things and bad things about a process driven company with 2000 products, but understand there is massive bias in Bryan's video - he didn't get his way and he wants people to know it.
How many people here would just go "oh nah, it's OK... go ahead, we don't want any money. Do your thing Google!".