May 7 (Reuters) - IG Port Inc 3791.T
* 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:https://goo.gl/kuaURg
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