As part of the tender, SoftBank had also planned on doing a share swap for WeWork's joint ventures, which were supposed to close April 1 and haven't yet -- a potential out for SoftBank, one of the people said. The Japanese technology company sent a letter to WeWork shareholders Tuesday saying it may not complete the tender offer, citing potential probes from the Securities and Exchange Commission and the Justice Department and as one of the reasons for being able to walk away, the Journal reported. SoftBank's bailout package of WeWork in October valued the startup at about $8 billion -- a far cry from the $47 billion SoftBank valued WeWork at in January 2019.