Walt Disney Co. may relocate some business operations from California to Florida, according to media reports.

A story from the Orlando Business Journal reported that the Burbank entertainment and media giant has not made any public announcement of which divisions or how many employees will move.

“As the largest employer in Central Florida, we are always exploring opportunities for additional locations within the vicinity of our theme park, but there is nothing concrete,” a Disney spokesperson told the Orlando publication.

If confirmed, the divisions would reportedly move to Lake Nona, a master-planned community in southeast Orlando, according to the paper.

Shares in Disney (DIS) closed up Monday 40 cents, or a fraction of a percent, to $179.09 on the New York Stock Exchange.