This couldn't be further from the truth: Pebble is going under, and Fitbit is buying up their software IP before they do. Fitbit didn't buy the company or acquire the employees. They aren't shutting down Pebble's product lines, or canceling the warranties (Pebble's doing that). And they didn't acquire the people, rather offered them jobs:
"Fitbit began sending job offers to about 40 percent of Pebble’s employees in the last week. Most of these are software engineers."
"Fitbit began sending job offers to about 40 percent of Pebble’s employees in the last week. Most of these are software engineers."
https://www.bloomberg.com/news/articles/2016-12-07/pebble-sa...