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.
Text: 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.
user
location_of_formation
assistant