The kinetics and thermodynamics of concerted two-electron transfer and metal-metal bond cleavage in the binuclear phosphido-bridged complexes [M 2 (µ-PPh 2 ) 2 (CO) 8 ] 0/2-[M ) Mo (1 0/2-), W(2 0/2-)] have been determined by variable scan-rate cyclic voltammetry in 0.3 M TBAPF 6 /acetone. The reductions of 1°and 2°a re accompanied by an increase of 1.08 Å in M-M distance and expansion and contraction by 29°of the M-P-M and P-M-P angles, respectively, within an intact M 2 (µ-PPh 2 ) 2 unit. The one-electron electrode potentials of these systems are highly inverted: ∆E°′ ) E 2 °′ -E 1 °′ ) +0.17 V for 1 0/2and +0.18 V for 2 0/2-, and the rate constant of the second heterogeneous electron-transfer reaction is smaller than the first: k sh,2 /k sh,1 ) 0.1 for Mo and 0.018 for W. Results are consistent with progressive cleavage of the metal-metal bond in two one-electron steps, of which the second is rate-limiting, because it is accompanied by a larger part of the structural change. EHMO calculations reveal that the redox-active orbital is a metal-metal antibonding (σ*) orbital with substantial bridging-ligand character that decreases markedly in energy on passing from the metal-metal bonded M(I) 2 state to nonbonded M(0) 2 . Despite this feature, electron-transfer thermodynamics and kinetics are not significantly metal-dependent. Rather, comparisons with structurally similar sulfido-bridged complexes reveal that electron-transfer energetics are influenced more extensively by the bridging ligand, with more positive potentials and larger electron-transfer rates observed for RSversus R 2 Pbridged species.