Update 6/23/13: Google confirms the probe is on.
- WSJ via @cageyjames
--- original post 6/22/12 ---
Google confirmed to the Wall Street Journal that it has been contacted by the FTC [Federal Trade Commission] about the report — initially flagged by the New York Post — but it declined to provide further details. The FTC did not provide comment to the newspaper.
The probe is understood to center around Google’s intentions for buying Waze, and how the deal will impact competition in the mapping market worldwide.
Google plans to leave Waze as an independent company while taking its traffic and adding it to Google's mapping products. Waze would gain access to Google's mapping tools. The Journal suggests that plan may have to wait until the FTC completes its investigation and report.