The title compound, [(OC)2Fe(μ-dppm)(μ-C(=O)C(2,4,5-C6H2Me3)= CH)Pt(PPh3)], represents an example of a diphosphane-bridged heterobimetallic dimetallacyclopentenone complex resulting from a bimetallic activation of 1-ethynyl-2,4,5-trimethylbenzene and a metal-coordinated carbonyl ligand.