The Wall Street Journal reported last month that SoftBank, which controls half the WeWork board, indicated it could exit the April 1 deal, because it claimed certain preconditions were not met — including issues involving regulatory probes. Independent members of WeWork’s board wanted it to go through.

Some reports said the offer would enrich just a few wealthy investors, including disgraced co-founder Adam Neumann, who could unload nearly $1 billion in stock. But others said some early employees who’d exercised options would lose dough if the deal wasn’t made.