The µ-phenylethenylidene-bridged diplatinum complex [(OC)(C 6 F 5 ) 2 Pt(µ-CdCHPh)Pt-(PPh 3 ) 2 ], 1, synthesized from the reaction between the mononuclear alkynyl-hydride trans-[Pt(CtCPh)H(PPh 3 ) 2 ] and cis-[Pt(C 6 F 5 ) 2 (CO)(THF)] (THF ) tetrahydrofuran), displays a remarkable reactivity associated with the µ-vinylidene ligand under mild conditions. The reaction of 1 with PPh 3 (molar ratio 1:1) produces an unprecedented reductive coupling of the CO ligand and the vinylidene bridging group to give the compound cis,cis-[(PPh 3 )(C 6 F 5 ) 2 -Pt(µ-η 1 :η 3 -CHPhCCO)Pt(PPh 3 ) 2 ], 2, which contains an expanded, unsaturated benzylideneketene bridging ligand. On the other hand, treatment of 1 with PhSH generates the new diplatinum compound cis,cis-[(PPh 3 ) 2 Pt{µ-η 2 (C,S):η 1 (C)-C(SPh)(CH 2 Ph)}Pt(C 6 F 5 ) 2 (CO)], 3, formed by a formal addition of the PhSH to the carbon-carbon double bond of the vinylidene group in 1. The structures of 2 and 3 have been fully elucidated by X-ray diffraction studies.