Dinuclear pincer-type cyclometalated Pd(ii) complexes with foldable diacetylide ligands show crystallographically determined intramolecular PdPd contacts of 3.203-3.380 Å. In deoxygenated fluid solutions, these Pd(ii) complexes are highly phosphorescent in the red region with emission quantum yields up to 48%, which has been ascribed to metal-metal-to-ligand charge-transfer (MMLCT) excited states in nature.