Utilize the input text as a context reference, choose the right relationship between iiNet and Perth from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

Mr Malone, who founded the telco in his parent's Perth garage in 1993, had been a firm opponent to TPG's original $1.4 billion all-cash bid in March but said the iiNet board had drawn out a better offer after listening to shareholder concerns.
location_of_formation