A detailed kinetic study of the protonation and subsequent benzene elimination reactions of a (diimine)Pt II diphenyl complex (denoted as (N-N)PtPh 2 ) has been undertaken in dichloromethane solution with and without acetonitrile as a cosolvent. Spectroscopic monitoring of the reactions by UV-vis stopped-flow and NMR techniques over the temperature range -80 to +27 °C allowed the assessment of the effects of acid concentration, coordinating solvent (MeCN) concentration, temperature, and pressure. Protonation of (N-N)PtPh 2 with HBF 4 3 Et 2 O in CH 2 Cl 2 /MeCN occurs with a kinetic preference for protonation at the metal, rather than at a phenyl ligand, and rapidly produces (N-N)PtPh 2 H(NCMe) + (ΔH q = 29 ( 1 kJ mol -1 , ΔS q = -47 ( 4 J K -1 mol -1 ). At higher temperatures, (N-N)PtPh 2 H(NCMe) + eliminates benzene to furnish (N-N)PtPh(NCMe) + . This reaction proceeds by rate-limiting MeCN dissociation (ΔH q = 88 ( 2 kJ mol -1 , ΔS q = +62 ( 6 J K -1 mol -1 , ΔV q = +16 ( 2 cm 3 mol -1 ). Protonation of (N-N)PtPh 2 in dichloromethane in the absence of MeCN cleanly produces the Pt(II) π-benzene complex (N-N)PtPh(η 2 -C 6 H 6 ) + at low temperatures. Addition of MeCN to a solution of the π-benzene complex causes an associative substitution of benzene by acetonitrile, the kinetics of which were monitored by 1 H NMR (ΔH q = 39 ( 2 kJ mol -1 , ΔS q = -126 ( 11 J K -1 mol -1 ). When the stronger triflic acid is employed in dichloromethane/acetonitrile, a second protonation-induced reaction also occurs. Thus, (N-N)PtPh(NCMe) + produces (N-N)Pt(NCMe) 2 2+ and benzene with no detectable intermediates (ΔH q = 69 ( 1 kJ mol -1 , ΔS q = -43 ( 3 J K -1 mol -1 ). The mechanisms for all steps are discussed in view of the accumulated data. Interestingly, the data allow a reinterpretation of a previous report on proton exchange between the phenyl and benzene ligands in (N-N)PtPh(η 2 -C 6 H 6 ) + . It appears that the exchange occurs by a direct σ-bond metathesis pathway, rather than by the oxidative cleavage/reductive coupling sequence that was proposed.