May 7 (Reuters) - IG Port Inc
* Says it forms business and capital alliance with NTT Plala Inc on May 7
* Says two entities will mainly cooperate on distribution business, content co-production and related personnel exchange
* Says it will distribute 120,400 shares to NTT Plala Inc, at the price of 2,344 yen per share, or 282.2 million yen in total, and payment date on May 23
* Proceeds will be used for loan repayment
Source text in Japanese:goo.gl/kuaURg
Further company coverage: (Beijing Headline News)
