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This is probably how the conversation between Nintendo and Capcom went for MegaMan in SSB:

Nintendo: "Hey Capcom! How about we use MegaMan in our next SSB game?"

Capcom: "I've never heard of a MegaMan, but if you're asking us... I guess it's okay....?"

Nintendo: "...Thanks..."

Capcom: "Lol, and take Monster Hunter while you're at it!"

So yes, you're over-thinking this.