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Malone stepped aside as managing director in early 2014 after taking a three-week holiday in Argentina which was supposed to be a three-month to six-month sabbatical.<ref>{{Cite news|url=http://www.smh.com.au/business/long-dark-road-ahead-iinet-boss-michael-malone-walks-away-after-20-years-20140320-356f4.html|title='Long dark road ahead': iiNet boss Michael Malone walks away after 20 years|last=Ramli|first=David|newspaper=The Sydney Morning Herald|language=en-US|access-date=2017-01-13}}</ref><ref>{{Cite web|url=http://www.itwire.com/it-people-news/people-moves/63500-michael-malone-resigns-from-iinet|title=iTWire - Michael Malone resigns from iiNet|last=Philipson|first=Graeme|website=www.itwire.com|access-date=2017-01-13}}</ref> In 2015, iiNet was acquired by TPG Telecom.<ref>{{Cite web|url=http://www.itnews.com.au/news/tpgs-iinet-takeover-is-bittersweet-for-michael-malone-408176|title=TPG's iiNet takeover is 'bittersweet' for Michael Malone|website=iTnews|access-date=2017-01-13}}</ref><ref>{{Cite news|url=http://www.smh.com.au/business/iinet-founder-michael-malone-finally-backs-tpg-telecom-takeover-20150727-gilbhd.html|title=iiNet founder Michael Malone finally backs TPG Telecom takeover|last=Ramli|first=Tess Ingram and David|date=2015-07-27|newspaper=The Sydney Morning Herald|language=en-US|access-date=2017-01-13}}</ref>
Malone has served on the board of [[Seven West Media]], SpeedCast, Superloop, Axicom, and Dreamscape Limited. He is the chairman of a Perth-based information security company Diamond Cyber.<ref name=":0" /><ref>{{Cite news|url=https://web.archive.org/web/20200803112750/https://diamondcyber.com/company/|title=Our Company: Security Through the Offensive Lens {{!}} Diamond Cyber Security|newspaper=Diamond Cyber Security|access-date=2017-02-11|language=en-US}}</ref>
He joined the board of [[NBN Co]] in 2016.<ref name=":0">{{Cite news|url=http://www.businessinsider.com.au/former-iinet-ceo-and-founder-michael-malone-has-joined-the-nbn-board-2016-4|title=Former iiNet CEO and founder Michael Malone has joined the NBN board|last=Tucker|first=Harry|date=2016-04-22|newspaper=Business Insider Australia|access-date=2017-01-13}}</ref>
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