Bolloré hands over Vivendi chairmanship to his son

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French billionaire Vincent Bolloré, whose Bolloré Group owns a 20 percent stake in media giant Vivendi, has announced his son Yannick is to replace him as chairman of Vivendi's supervisory board, a hereditary handown after corporate raider Bolloré senior's four years at the helm.

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Vivendi's annual meeting lasted two hours, 26 minutes and 31 seconds. To find the moment where chairman Vincent Bolloré anoints son Yannick his successor, you have to fast forward to the final 30 seconds, reports Bloomberg.