The compounds [Pt(MesBIAN)(C[triple bond]CR)2] (R = C6H4-CN-p, 1; SiMe3, 2; C6H4-CF3-p, 3; C6H5, 4; C6H4-CH3-p 5) {MesBIAN = bis(mesitylimino)acenaphthene} have been synthesized; the X-ray crystal structure determinations of 4 and 5 and the starting material [Pt(MesBIAN)Cl2] are reported. Chemical oxidation of 4 with diiodine leads to generation of an intermediate platinum(IV) bis(acetylide) diiodide complex, which then couples and reductively eliminates the acetylide ligands as a diyne, leading to the generation of [Pt(MesBIAN)I2] 6. Compound 2 readily forms an adduct 2a with copper(I) chloride, in which the copper atom is bonded to the two acetylide triple bonds. 1-5 each undergo an irreversible oxidation, and a reversible one-electron reduction to generate a stable anion. ESR studies of 1(-)-5(-) show that the unpaired electron is localized mainly on the pi* orbital of the coordinated MesBIAN ligand, with about 10% platinum contribution to the singly occupied molecular orbital (SOMO). The compounds show a strong absorption at around 500 nm in the UV/visible spectrum, which is assigned to a "mixed metal-ligand to ligand charge transfer" (MMLL'CT) transition; this assignment is supported by time-dependent density-functional theory (TD-DFT) calculations on 5. 1-5 emit in the near-infrared region from a (3)MMLL'CT excited state, with lifetimes ranging from 8 to 36 ns. Picosecond and nanosecond time-resolved infrared (TRIR) spectroscopy has been used to probe directly the nature and dynamics of the excited state of 5. The TRIR data show a decrease of the energy of the C[triple bond]C vibration upon excitation, by about 90 cm(-1) in comparison to the ground state, and formation of a new, very intense, and very broad band at 1820 cm(-1). We propose that the excited-state structure contains some contribution from a pseudo-cumulenic form of the platinum-acetylide moiety, which is supported by TD-DFT calculations. Picosecond TRIR allowed determination of the rate of vibrational relaxation (14 ps) of the vibrationally "hot" electronic excited state of 5 formed upon initial laser excitation.