The Wall Street Journal reports that the data storage equipment maker wants to sell itself. While Oracle and Hewlett-Packard are potential bidders, a deal is not imminent and Brocade might not even go ahead with a sale, according to the report.

Just a couple weeks ago, Brocade said it expected to turn the corner in 2010, with revenue exceeding Wall Street expectations. Better late than never. It reported a loss for the third quarter and a decline in revenue from the second quarter, and saw its stock punished by traders who had been expecting a turnaround sooner.

Brocade also said in September that its integration of Foundry Networks, acquired last year, was going as planned, and its sales partnership with IBM was beginning to yield more benefit. Just the kind of thing you’d want to hear if you were a Brocade shareholder contemplating a sale. Tech services mergers have been very hot of late, and the potential buyers — particularly Oracle — are not exactly poor or deal-wary.

At long last, Europe may see its first sizeable IPO: Aviva says it expects to complete the flotation of its Dutch unit, Delta Lloyd, in November. And shares in Telenor jump 15 percent after it settles a long-standing row with Russia’s Alfa Group. The agreement will involve a pooling of assets between the two companies. For these and other stories on deals, click here.

And here’s what we found of interest in other media today and over the weekend.

Shoprite Holdings Ltd chairman Christo Wiese is looking to swap some or all of his stake in Africa’s biggest grocer for stock in furniture maker Steinhoff, a South African newspaper reports.

Hana Financial Group, South Korea’s No. 4 banking group, is seeking to raise 1 trillion-2 trillion won ($853 million-$1.7 billion) in a rights offering, according to media reports.

A U.S.-led consortium has entered the race to buy Volvo from Ford, the Financial Times reports, in a challenge to China’s Geely Automotive, which confirmed its interest in the money-losing Swedish carmaker last month.

Chinese steel and iron ore group Baosteel has proposed to pay 1 billion pounds ($1.6 billion) for a 30 percent stake in Anglo American’s  huge Minas Rio iron ore mine in Brazil, according to a report.

British housebuilder Taylor Wimpey  is considering the sale of its North American housing operations, which have been hit hard by the global recession, in a bid to cut debt, the Sunday Times reports.

Barclays Bank Plc is likely to enter exclusive talks this week to buy insurer Standard Life’s banking division, the Mail on Sunday reports.

British general insurer RSA has scrapped plans for a $1 billion rights issue to fund major acquisitions and will instead focus on smaller bolt-on buys, the Sunday Telegraph reports.

A Kohlberg Kravis Roberts-led consortium leads the bidding for Northrop Grumman Corp’s TASC unit, the Financial Times reports.