The alkyne-bridged compounds Co 2(CO) 6(μ-R′CCR) where R′ H, R, Ph, tBu; R′ Me, R Ph) have been examined for their reactivity with the redox-active diphosphine ligand 2,3-bis(diphenylphosphino)maleic anhydride (bma). Thermal and Me 3NO-induced activation of each Co 2(CO) 6(μ-R′CCR) compound initiallyfurnishes the binuclear compounds Co 2(CO) 4(bma)(μ-R′CCR) ( 1c, R′ H, R Ph; 2c, R′ H, R tBu; 3c, R′ Me, R Ph), all of which are shown to possess a chelating bma ligand. These compounds exhibit a reversible chelate-to-bridge bma ligand isomerization that proceeds by a pathway involving dissociative CO loss. The stability of the chelating isomers is dependent on the steric bulk of the alkyne substituents, with the bridging isomer ( 1b, 2b, 3b) being favored at ambient temperature only in the case of Co 2(CO) 4(bma)(μ-HCC tBu) ( 2b). Regioselective phosphine attack at the least-substituted alkyne carbon is observed at temperatures above 60 °C to afford the corresponding zwitterionic hydrocarbyl compounds Co 2(CO) 4[μ-η 2:η 2:η 1:η 1-RCC(R′)PPh 2 CC(PPh 2)C(O)OC (O)] ( 1z, 2z, 3z). Depending on the ease of separation, the new compounds have been characterized by IR and NMR spectroscopy, and the molecular structure of the bridged compound 2b and all three zwitterionic hydrocarbyl compounds have been determined by X-ray crystallography. 1z crystallizes in the triclinic space group P 1 ̄ : a = 9.8093(7) A ̊ , b = 12.215(1) A ̊ , c = 15.744(2) A ̊ , α = 98.251(8)°, β = 95.060(8)°, γ = 90.640(7)°, V = 1859.1(3) A ̊ 3, Z = 2, d calc = 1.426 g cm −3 ; R = 0.0365, R w = 0.0469 for 2749 observed reflections. 2b crystallizes in the triclinic space group P 1 ̄ : a = 11.1272(7) A ̊ , b = 12.142(1) A ̊ , c = 13.565(1) A ̊ , α = 97.123(7)°, β = 94.951(6)°, γ = 100.197(6)°, V = 1778.8(2) A ̊ 3, Z = 2, d calc = 1.453 g cm −3 ; R = 0.0469, R w = 0.0484 for 3357 observed reflections. 2z crystallizes in the monoclinic space group P2 1/n: a = 9.465(7) A ̊ , b = 20.071(8) A ̊ , c = 18.389(6) A ̊ , β = 98.88(5)°, V = 3452(3) A ̊ 3, Z = 4, d calc = 1.498 g cm −3 ; R = 0.0544, R w = 0.0589 for 3114 observed reflections. 3z, as the CH 2Cl 2 solvate, crystallizes in the triclinic space group P 1 ̄ : a = 9.732(3) A ̊ , b = 12.286(2) A ̊ , c = 16.715(3) A ̊ , α = 98.39(1)°, β = 102.91(2)°, γ = 91.93(2)°, V = 1922.6(8) A ̊ 3, Z = 2, d calc = 1.550 g cm −3; R = 0.0730, R w = 0.0825 for 2896 observed reflections. The X-ray data on 1z, 2z, and 3z confirm the site of phosphine attack on the coordinated alkyne ligand and the presence of the eight-electron hydrocarbyl ligand that accompanies this reaction. The redox properties of the zwitterionic compounds Co 2(CO) 4[μ-η 2:η 2:η 1:η 1-RCC(R′)PPh 2 CC(PPh 2)C(O)OC (O)] have been examined by cyclic coltammetry, and the data discussed relative to the coordination mode adopted by the bma ligand and the redox properties exhibited by the related alkyne-bridged compound Co 2(CO) 4(bma)(μ-PhCCPh) (chelating and bridging isomers). Extended Hückel calculations on the model compound Co 2(CO) 4[μ-η 2:η 2:η 1:η 1-HCC(H)PH 2 CC(PH 2)C(O)OC (O)] have been carried out and are used in a discussion concerning the site of electron reduction and oxidation in 1z, 2z, and 3z.