The hack revealed the inner workings of the studio, as well as the personal information of more than 47,000 celebrities, freelancers, and current and former Sony employees.
US District Judge Lucy Koh has approved the settlement, which is $90.5 million more than a previous offer she rejected last year.
A judge approved the settlement as part of a broader deal that requires Sprint to pay $68 million over claims the carrier added unauthorized charges to customer bills.
Lawsuit accused Apple of luring away key engineers to work within a new battery division, fueling speculation that the iPhone maker has ambitions of developing an electric car of its own.
Judge Lucy Koh in August rejected the companies' initial $324.5 million offer to settle the case accusing four Silicon Valley giants of conspiring to stay away from each other's employees.
Apple and Google are among the companies accused of conspiring not to hire away each other's employees.
As part of its settlement with the Federal Trade Commission, T-Mobile will pay at least $90 million in customer refunds, as well as penalties and fines over complaints that it put bogus charges on customer bills.
Federal Trade Commission settles a "deceptive marketing" campaign with Machinima.
The search giant responds to EU claims it abused its search dominance, saying regulators failed to consider the impact of rivals like Amazon and eBay.
Documents obtained by the Guardian suggest the rumored project might be the real deal, with the company reportedly scouting for testing locations.