Following the news which sent Time Warner shares to a 15-year high and a gain of almost 8% where Time Warner was said to be in the middle of a takeover plan by AT&T, the shares of the company are now experiencing a decline of 3.06% after investors showed doubt between the prospects of the acquisition.

Reports show during last Friday’s trading session that AT&T could potentially strike a merger deal to buy Time Warner in hopes of bringing their blockbuster and all-time classic films to the mobile viewing business. This would also give AT&T a chance to test out a new path for the company.  This would not be the first acquisition AT&T has done following their $48.5 billion purchase of DirecTV which is a satellite TV provider.